# PPP loan: IRELAND ELECTRIC COMPANY
> **$307K** approved 02/25/2021 · Paid in Full · Loan `4175958505`
## Borrower
- **Name:** IRELAND ELECTRIC COMPANY
- **Address:** 528 S Military Hwy Ste B, Virginia Beach, VA, 23464-1818
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $307K
- **Initial approval:** $307K
- **Forgiven:** $309K (101%)
- **Forgiveness date:** 12/14/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $307K
- **Utilities:** $1
- **Jobs reported:** 21
## Lender
- **Originating:** Southern Bank and Trust Company
- **Servicing:** Southern Bank and Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*