# PPP loan: MADER ELECTRIC, INC.
> **$329K** approved 04/13/2020 · Paid in Full · Loan `4521397108`
## Borrower
- **Name:** MADER ELECTRIC, INC.
- **Address:** 7260 15TH ST E, SARASOTA, FL, 34243-3276
- **NAICS:** 811310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $329K
- **Initial approval:** $329K
- **Forgiven:** $331K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $329K
- **Jobs reported:** 29
## Lender
- **Originating:** First Southern Bank
- **Servicing:** First Southern Bank (GA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*