# PPP loan: ROWELL ELECTRIC CO INC
> **$235K** approved 04/04/2020 · Paid in Full · Loan `4952267008`
## Borrower
- **Name:** ROWELL ELECTRIC CO INC
- **Address:** 502 W 6TH ST, WAYNESBORO, GA, 30830-1468
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $235K
- **Initial approval:** $235K
- **Forgiven:** $236K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $188K
- **Mortgage interest:** $16K
- **Utilities:** $16K
- **Health care:** $16K
- **Jobs reported:** 31
## Lender
- **Originating:** Queensborough National Bank and Trust Company
- **Servicing:** Queensborough National Bank and Trust Company (GA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*