# PPP loan: CHARLES H. MACDONALD ELECTRIC, INC.
> **$2.60M** approved 04/05/2020 · Paid in Full · Loan `5114787006`
## Borrower
- **Name:** CHARLES H. MACDONALD ELECTRIC, INC.
- **Address:** 30 S. Valley Road Suite 310, PAOLI, PA, 19301-1408
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.60M
- **Initial approval:** $2.60M
- **Forgiven:** $2.63M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.20M
- **Health care:** $403K
- **Jobs reported:** 65
## Lender
- **Originating:** Peoples Security Bank and Trust Company
- **Servicing:** Peoples Security Bank and Trust Company (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*