# PPP loan: GATE CITY ELECTRIC LLC
> **$632K** approved 04/13/2020 · Paid in Full · Loan `4572017110`
## Borrower
- **Name:** GATE CITY ELECTRIC LLC
- **Address:** 31 WILL ST, NASHUA, NH, 03060-3083
- **NAICS:** 238210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $632K
- **Initial approval:** $632K
- **Forgiven:** $638K (101%)
- **Forgiveness date:** 04/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $573K
- **Rent:** $13K
- **Mortgage interest:** $19K
- **Utilities:** $2K
- **Health care:** $24K
- **Jobs reported:** 45
## Lender
- **Originating:** Enterprise Bank and Trust Company
- **Servicing:** Enterprise Bank and Trust Company (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*