# PPP loan: HIGGINS ELECTRIC INC. OF DOTHAN
> **$480K** approved 04/05/2020 · Paid in Full · Loan `5400207008`
## Borrower
- **Name:** HIGGINS ELECTRIC INC. OF DOTHAN
- **Address:** 1360 Columbia Highway, DOTHAN, AL, 36301-1828
- **NAICS:** 423690
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $480K
- **Initial approval:** $480K
- **Forgiven:** $483K (101%)
- **Forgiveness date:** 12/31/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $475K
- **Utilities:** $5K
- **Jobs reported:** 56
## Lender
- **Originating:** ServisFirst Bank
- **Servicing:** ServisFirst Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*