# PPP loan: NELSON JONES ELECTRIC INC
> **$199K** approved 02/09/2021 · Paid in Full · Loan `5895688401`
## Borrower
- **Name:** NELSON JONES ELECTRIC INC
- **Address:** 2089 Highway 41, Ringgold, GA, 30736-6473
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $199K
- **Initial approval:** $199K
- **Forgiven:** $201K (101%)
- **Forgiveness date:** 12/16/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $199K
- **Utilities:** $1
- **Jobs reported:** 20
## Lender
- **Originating:** Builtwell Bank
- **Servicing:** Builtwell Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*