# PPP loan: BESCO ELECTRIC
> **$605K** approved 04/13/2020 · Paid in Full · Loan `5290337108`
## Borrower
- **Name:** BESCO ELECTRIC
- **Address:** 9835 Northcorss Center Court, Suite B, HUNTERSVILLE, NC, 28078-7347
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $605K
- **Initial approval:** $605K
- **Forgiven:** $612K (101%)
- **Forgiveness date:** 07/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $605K
- **Jobs reported:** 42
## Lender
- **Originating:** Pinnacle Bank
- **Servicing:** Pinnacle Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*