# PPP loan: PARSONS ELECTRIC, INC
> **$525K** approved 04/04/2020 · Paid in Full · Loan `4621017009`
## Borrower
- **Name:** PARSONS ELECTRIC, INC
- **Address:** 116 TRADE ST, LEXINGTON, KY, 40511-2610
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $525K
- **Initial approval:** $525K
- **Forgiven:** $530K (101%)
- **Forgiveness date:** 04/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $525K
- **Jobs reported:** 55
## Lender
- **Originating:** Traditional Bank, Inc.
- **Servicing:** Traditional Bank, Inc. (KY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*