# PPP loan: SMT ELECTRIC INC
> **$258K** approved 04/06/2020 · Paid in Full · Loan `6059967002`
## Borrower
- **Name:** SMT ELECTRIC INC
- **Address:** 76 POTOMAC CREEK DR STE 105, FREDERICKSBURG, VA, 22405-4505
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $258K
- **Initial approval:** $258K
- **Forgiven:** $261K (101%)
- **Forgiveness date:** 07/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $258K
- **Jobs reported:** 25
## Lender
- **Originating:** Atlantic Union Bank
- **Servicing:** Atlantic Union Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*