# PPP loan: MURPHY ELECTRIC CO., INC.
> **$224K** approved 06/02/2020 · Paid in Full · Loan `6751877801`
## Borrower
- **Name:** MURPHY ELECTRIC CO., INC.
- **Address:** 22863 Bryant Court, 108, Sterling, VA, 20166
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $224K
- **Initial approval:** $224K
- **Forgiven:** $225K (101%)
- **Forgiveness date:** 01/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $224K
- **Jobs reported:** 15
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*