# PPP loan: MOODYS ELECTRIC INC
> **$1.86M** approved 01/26/2021 · Paid in Full · Loan `6230058302`
## Borrower
- **Name:** MOODYS ELECTRIC INC
- **Address:** 40150 State Highway 59, Bay Minette, AL, 36507-8240
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.86M
- **Initial approval:** $1.86M
- **Forgiven:** $1.88M (101%)
- **Forgiveness date:** 04/13/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.86M
- **Utilities:** $1
- **Jobs reported:** 88
## Lender
- **Originating:** Hancock Whitney Bank
- **Servicing:** Hancock Whitney Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*