# PPP loan: EL RODEO ELECTRIC, INC.
> **$154K** approved 04/06/2020 · Paid in Full · Loan `6262707000`
## Borrower
- **Name:** EL RODEO ELECTRIC, INC.
- **Address:** 3280 Electric Rd, ROANOKE, VA, 24018-6426
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $154K
- **Initial approval:** $154K
- **Forgiven:** $155K (101%)
- **Forgiveness date:** 01/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $104K
- **Rent:** $34K
- **Utilities:** $16K
- **Jobs reported:** 23
## 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*