# PPP loan: WEAVER ELECTRIC INC
> **$1.02M** approved 04/04/2020 · Paid in Full · Loan `4660917000`
## Borrower
- **Name:** WEAVER ELECTRIC INC
- **Address:** 8289 CANAL RD, GULFPORT, MS, 39503-9043
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.02M
- **Initial approval:** $1.02M
- **Forgiven:** $1.03M (101%)
- **Forgiveness date:** 12/08/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $883K
- **Utilities:** $127K
- **Health care:** $14K
- **Jobs reported:** 56
## Lender
- **Originating:** Community Bank of Mississippi
- **Servicing:** Community Bank of Mississippi (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*