# PPP loan: SPRUCE RIDGE ELECTRIC LLC
> **$159K** approved 04/30/2020 · Paid in Full · Loan `5662047302`
## Borrower
- **Name:** SPRUCE RIDGE ELECTRIC LLC
- **Address:** 18260 NEW CUT RD, MOUNT AIRY, MD, 21771-3704
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $159K
- **Initial approval:** $159K
- **Forgiven:** $63K (40%)
- **Forgiveness date:** 12/22/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $159K
- **Jobs reported:** 11
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*