# PPP loan: ADVANCE ELECTRICAL CORPORATION
> **$397K** approved 01/25/2021 · Paid in Full · Loan `5554118309`
## Borrower
- **Name:** ADVANCE ELECTRICAL CORPORATION
- **Address:** 33 Appian Way, Smithfield, RI, 02917-1777
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $397K
- **Initial approval:** $397K
- **Forgiven:** $400K (101%)
- **Forgiveness date:** 10/25/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $397K
- **Jobs reported:** 25
## Lender
- **Originating:** Bristol County Savings Bank
- **Servicing:** Bristol County Savings Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*