# PPP loan: IRONS ELECTRIC COMPANY INC
> **$207K** approved 01/27/2021 · Paid in Full · Loan `6472878304`
## Borrower
- **Name:** IRONS ELECTRIC COMPANY INC
- **Address:** 1629 State St, Florence, AL, 35630-3830
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $207K
- **Initial approval:** $207K
- **Forgiven:** $208K (100%)
- **Forgiveness date:** 09/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $207K
- **Utilities:** $1
- **Jobs reported:** 23
## Lender
- **Originating:** United Community Bank
- **Servicing:** United Community Bank (SC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*