# PPP loan: CARTER ELECTRIC INC
> **$300K** approved 04/27/2020 · Paid in Full · Loan `5473567208`
## Borrower
- **Name:** CARTER ELECTRIC INC
- **Address:** 844 Edwards Street, GALION, OH, 44833-2225
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $300K
- **Initial approval:** $300K
- **Forgiven:** $303K (101%)
- **Forgiveness date:** 04/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $292K
- **Rent:** $6K
- **Utilities:** $2K
- **Jobs reported:** 29
## Lender
- **Originating:** Mechanics Bank
- **Servicing:** Mechanics Bank (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*