# PPP loan: MCLEMORE ELECTRIC, INC.
> **$250K** approved 04/13/2020 · Paid in Full · Loan `4771487103`
## Borrower
- **Name:** MCLEMORE ELECTRIC, INC.
- **Address:** 2405 Herman Street, Pensacola, FL, 32513
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $250K
- **Initial approval:** $250K
- **Forgiven:** $251K (101%)
- **Forgiveness date:** 11/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $250K
- **Jobs reported:** 25
## Lender
- **Originating:** Centennial Bank
- **Servicing:** Centennial Bank (AR)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*