# PPP loan: GARDEN SPOT ELECTRIC, INC.
> **$362K** approved 04/05/2020 · Paid in Full · Loan `5392097000`
## Borrower
- **Name:** GARDEN SPOT ELECTRIC, INC.
- **Address:** 360 Hostetter Road, MANHEIM, PA, 17545-8597
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $362K
- **Initial approval:** $362K
- **Forgiven:** $364K (101%)
- **Forgiveness date:** 12/02/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $272K
- **Rent:** $91K
- **Jobs reported:** 31
## Lender
- **Originating:** Fulton Bank, National Association
- **Servicing:** Fulton Bank, National Association (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*