# PPP loan: MCDONALD ELECTRIC
> **$245K** approved 04/14/2020 · Paid in Full · Loan `6891227110`
## Borrower
- **Name:** MCDONALD ELECTRIC
- **Address:** 3211 West Beaver Street, Jacksonville, FL, 32254
- **NAICS:** 453998
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $245K
- **Initial approval:** $245K
- **Forgiven:** $247K (101%)
- **Forgiveness date:** 04/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $245K
- **Jobs reported:** 52
## Lender
- **Originating:** Readycap Lending, LLC
- **Servicing:** Customers Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*