# PPP loan: BAGBY & RUSSELL ELECTRIC CO., INC.
> **$2.03M** approved 04/14/2020 · Paid in Full · Loan `6531437110`
## Borrower
- **Name:** BAGBY & RUSSELL ELECTRIC CO., INC.
- **Address:** 5500 PLANTATION RD, THEODORE, AL, 36582-1702
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.03M
- **Initial approval:** $2.03M
- **Forgiven:** $2.05M (101%)
- **Forgiveness date:** 06/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.99M
- **Rent:** $33K
- **Utilities:** $5K
- **Jobs reported:** 151
## 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*