# PPP loan: SANFORD ELECTRIC CONTRACTORS
> **$159K** approved 04/27/2020 · Paid in Full · Loan `5672687201`
## Borrower
- **Name:** SANFORD ELECTRIC CONTRACTORS
- **Address:** PO Box 1173, SANFORD, NC, 27331
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $159K
- **Initial approval:** $159K
- **Forgiven:** $160K (101%)
- **Forgiveness date:** 05/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $159K
- **Jobs reported:** 19
## Lender
- **Originating:** First Bank
- **Servicing:** First Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*