# PPP loan: PROGRESSIVE ELECTRIC COMPANY, INC.
> **$212K** approved 04/14/2020 · Paid in Full · Loan `6662367102`
## Borrower
- **Name:** PROGRESSIVE ELECTRIC COMPANY, INC.
- **Address:** 109 1ST STREET PL, CONOVER, NC, 28613
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $212K
- **Initial approval:** $212K
- **Forgiven:** $215K (101%)
- **Forgiveness date:** 07/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $212K
- **Jobs reported:** 21
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*