# PPP loan: CMC ELECTRICAL CORP
> **$175K** approved 04/03/2021 · Paid in Full · Loan `6102698704`
## Borrower
- **Name:** CMC ELECTRICAL CORP
- **Address:** 213 Pennsylvania Ave, Virginia Beach, VA, 23462-2513
- **NAICS:** 236220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $175K
- **Initial approval:** $175K
- **Forgiven:** $176K (101%)
- **Forgiveness date:** 11/09/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $175K
- **Jobs reported:** 11
## Lender
- **Originating:** Readycap Lending, LLC
- **Servicing:** Readycap Lending, LLC (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*