# PPP loan: CUMMINGS ELECTRIC COMPANY
> **$160K** approved 05/01/2020 · Charged Off · Loan `6570517701`
## Borrower
- **Name:** CUMMINGS ELECTRIC COMPANY
- **Address:** 114 PARSONS RD, NAPLES, ID, 83847-5357
- **NAICS:** —
- **Business type:** Sole Proprietorship
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $160K
- **Initial approval:** $160K
- **Forgiven:** $152K (95%)
- **Forgiveness date:** 08/27/2021
- **Status:** Charged Off
- **Term:** 1 months
## Use of funds
- **Payroll:** $160K
- **Jobs reported:** 15
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*