# PPP loan: THOMPSON ELECTRIC INC.
> **$256K** approved 04/05/2020 · Paid in Full · Loan `5468337008`
## Borrower
- **Name:** THOMPSON ELECTRIC INC.
- **Address:** 1221 S HARTMANN DRIVE SUITE C, LEBANON, TN, 37090-4108
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $256K
- **Initial approval:** $256K
- **Forgiven:** $259K (101%)
- **Forgiveness date:** 07/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $249K
- **Rent:** $6K
- **Utilities:** $400
- **Debt interest:** $600
- **Jobs reported:** 38
## Lender
- **Originating:** ServisFirst Bank
- **Servicing:** ServisFirst Bank (AL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*