# PPP loan: MICHEL ELECTRIC LLC
> **$2.00M** approved 01/26/2021 · Exemption 4 · Loan `6035888309`
## Borrower
- **Name:** MICHEL ELECTRIC LLC
- **Address:** 305 W Main St, Danville, KY, 40422-1813
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.00M
- **Initial approval:** $2.00M
- **Forgiven:** $1.86M (93%)
- **Forgiveness date:** 01/20/2023
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $2.00M
- **Utilities:** $1
- **Jobs reported:** 261
## Lender
- **Originating:** City National Bank of West Virginia
- **Servicing:** City National Bank of West Virginia (WV)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*