# PPP loan: MCEARL ELECTRIC INC
> **$259K** approved 04/18/2021 · Paid in Full · Loan `5600388801`
## Borrower
- **Name:** MCEARL ELECTRIC INC
- **Address:** 245 Record Dr, Henderson, TN, 38340-3662
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $259K
- **Initial approval:** $259K
- **Forgiven:** $260K (100%)
- **Forgiveness date:** 09/10/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $259K
- **Utilities:** $1
- **Jobs reported:** 29
## Lender
- **Originating:** Commercial Bank and Trust Company
- **Servicing:** Commercial Bank and Trust Company (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*