# PPP loan: A&B ELECTRIC CO. INC.
> **$1.56M** approved 04/05/2020 · Paid in Full · Loan `5362157004`
## Borrower
- **Name:** A&B ELECTRIC CO. INC.
- **Address:** 1020 D Street, MERIDIAN, MS, 39301-5441
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.56M
- **Initial approval:** $1.56M
- **Forgiven:** $1.57M (101%)
- **Forgiveness date:** 06/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.00M
- **Rent:** $500K
- **Utilities:** $56K
- **Jobs reported:** 89
## Lender
- **Originating:** Great Southern Bank
- **Servicing:** Great Southern Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*