# PPP loan: MCLEMORE ELECTRIC INC.
> **$250K** approved 02/06/2021 · Paid in Full · Loan `4418458405`
## Borrower
- **Name:** MCLEMORE ELECTRIC INC.
- **Address:** 2405 W Herman Ave, Pensacola, FL, 32505-4246
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $250K
- **Initial approval:** $250K
- **Forgiven:** $251K (100%)
- **Forgiveness date:** 07/16/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $250K
- **Utilities:** $1
- **Jobs reported:** 25
## Lender
- **Originating:** Centennial Bank
- **Servicing:** Centennial Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*