# PPP loan: DIRECT ELECTRIC SERVICES LLC
> **$519K** approved 02/06/2021 · Paid in Full · Loan `4670528404`
## Borrower
- **Name:** DIRECT ELECTRIC SERVICES LLC
- **Address:** 111A E Ridgeville Blvd, Mount Airy, MD, 21771-5259
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $519K
- **Initial approval:** $519K
- **Forgiven:** $523K (101%)
- **Forgiveness date:** 11/17/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $519K
- **Utilities:** $1
- **Jobs reported:** 35
## Lender
- **Originating:** Sandy Spring Bank
- **Servicing:** Sandy Spring Bank (MD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*