# PPP loan: FREEDOM ELECTECH INC
> **$178K** approved 04/27/2020 · Paid in Full · Loan `4101437209`
## Borrower
- **Name:** FREEDOM ELECTECH INC
- **Address:** 521 Hwy 105 Ext Ste 3, Boone, NC, 28607
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $178K
- **Initial approval:** $178K
- **Forgiven:** $180K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $178K
- **Jobs reported:** 34
## Lender
- **Originating:** LifeStore Bank
- **Servicing:** LifeStore Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*