# PPP loan: BYRNE ELECTRICAL SPECIALIST INC
> **$4.95M** approved 01/27/2021 · Paid in Full · Loan `6450888306`
## Borrower
- **Name:** BYRNE ELECTRICAL SPECIALIST INC
- **Address:** 320 Byrne Industrial Dr, Rockford, MI, 49341-1083
- **NAICS:** 334419
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.95M
- **Initial approval:** $4.95M
- **Forgiven:** $5.01M (101%)
- **Forgiveness date:** 03/01/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $4.95M
- **Utilities:** $1
- **Jobs reported:** 461
## Lender
- **Originating:** Advia Credit Union
- **Servicing:** Advia Credit Union (MI)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*