# PPP loan: MID-ATLANTIC ELECTICAL SERVICES
> **$450K** approved 04/14/2020 · Paid in Full · Loan `6877457102`
## Borrower
- **Name:** MID-ATLANTIC ELECTICAL SERVICES
- **Address:** 24556 Betts Pond Rd, Millsboro, DE, 19966
- **NAICS:** 335311
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $450K
- **Initial approval:** $450K
- **Forgiven:** $453K (101%)
- **Forgiveness date:** 12/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $338K
- **Rent:** $56K
- **Utilities:** $56K
- **Jobs reported:** 30
## Lender
- **Originating:** Fulton Bank, National Association
- **Servicing:** Fulton Bank, National Association (PA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*