# PPP loan: PRIMECO ELECTRIC INC
> **$200K** approved 06/15/2020 · Exemption 4 · Loan `4954627906`
## Borrower
- **Name:** PRIMECO ELECTRIC INC
- **Address:** 5726 LINCOLN CIR E, LAKE WORTH, FL, 33463-6757
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $200K
- **Initial approval:** $200K
- **Forgiven:** $114K (57%)
- **Forgiveness date:** 05/06/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $200K
- **Jobs reported:** 10
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*