# PPP loan: WELLS & TATE ELECTRIC CO., INC.
> **$571K** approved 04/06/2020 · Paid in Full · Loan `6039037008`
## Borrower
- **Name:** WELLS & TATE ELECTRIC CO., INC.
- **Address:** 160 Wells Road, MERIDIANVILLE, AL, 35759-2326
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $571K
- **Initial approval:** $571K
- **Forgiven:** $577K (101%)
- **Forgiveness date:** 03/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $571K
- **Jobs reported:** 43
## Lender
- **Originating:** United Community Bank
- **Servicing:** United Community Bank (SC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*