# PPP loan: WIELAND ELECTRIC INC.
> **$275K** approved 04/14/2020 · Paid in Full · Loan `6757737109`
## Borrower
- **Name:** WIELAND ELECTRIC INC.
- **Address:** 8207 Market Street, Ste P10680, WILMINGTON, NC, 28411-8889
- **NAICS:** 423690
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $275K
- **Initial approval:** $275K
- **Forgiven:** $277K (101%)
- **Forgiveness date:** 02/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $275K
- **Jobs reported:** 13
## 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*