# PPP loan: PHELPS ELECTRIC INC.
> **$316K** approved 01/26/2021 · Paid in Full · Loan `5999018306`
## Borrower
- **Name:** PHELPS ELECTRIC INC.
- **Address:** 6676 Reese Rd, Memphis, TN, 38133-4980
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $316K
- **Initial approval:** $316K
- **Forgiven:** $318K (101%)
- **Forgiveness date:** 09/09/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $316K
- **Jobs reported:** 49
## Lender
- **Originating:** Bank of Bartlett
- **Servicing:** Bank of Bartlett (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*