# PPP loan: MADISON ELECTRIC, INC
> **$799K** approved 04/06/2020 · Paid in Full · Loan `5900457009`
## Borrower
- **Name:** MADISON ELECTRIC, INC
- **Address:** 188 WESTCHESTER DR, MADISON, AL, 35758-7838
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $799K
- **Initial approval:** $853K
- **Forgiven:** $809K (101%)
- **Forgiveness date:** 08/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $799K
- **Jobs reported:** 73
## Lender
- **Originating:** United Community Bank
- **Servicing:** United Community Bank (SC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*