# PPP loan: ATLANTIC COAST ELECTRIC SUPPLY, LLC
> **$680K** approved 04/07/2020 · Paid in Full · Loan `6677267001`
## Borrower
- **Name:** ATLANTIC COAST ELECTRIC SUPPLY, LLC
- **Address:** 6470 DORCHESTER RD, NORTH CHARLESTON, SC, 29418-5102
- **NAICS:** 423610
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $680K
- **Initial approval:** $680K
- **Forgiven:** $686K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $520K
- **Rent:** $95K
- **Utilities:** $8K
- **Health care:** $40K
- **Debt interest:** $18K
- **Jobs reported:** 52
## Lender
- **Originating:** Chesapeake Bank
- **Servicing:** Chesapeake Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*