# PPP loan: CARTER'S ELECTRICAL SERVICE INC.
> **$200K** approved 04/14/2020 · Paid in Full · Loan `5846507107`
## Borrower
- **Name:** CARTER'S ELECTRICAL SERVICE INC.
- **Address:** 20025 nanticoke rd., NANTICOKE, MD, 21840-2043
- **NAICS:** 238310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $200K
- **Initial approval:** $200K
- **Forgiven:** $202K (101%)
- **Forgiveness date:** 02/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $150K
- **Utilities:** $50K
- **Jobs reported:** 265
## Lender
- **Originating:** The Farmers Bank of Willards
- **Servicing:** The Farmers Bank of Willards (MD)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*