# PPP loan: AFC ELECTRIC, INC
> **$321K** approved 04/13/2020 · Paid in Full · Loan `4533117102`
## Borrower
- **Name:** AFC ELECTRIC, INC
- **Address:** 10550 Abernathy Streeet, BONITA SPRINGS, FL, 34135
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $321K
- **Initial approval:** $321K
- **Forgiven:** $324K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $275K
- **Rent:** $40K
- **Utilities:** $6K
- **Jobs reported:** 30
## Lender
- **Originating:** First Foundation Bank
- **Servicing:** First Foundation Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*