# PPP loan: COX ELECTRIC, INC.
> **$247K** approved 05/15/2020 · Charged Off · Loan `7030477401`
## Borrower
- **Name:** COX ELECTRIC, INC.
- **Address:** 3855 Cascadia Canyon Ave SE, Suite 110, Salem, OR, 97302-1373
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $247K
- **Initial approval:** $247K
- **Status:** Charged Off
- **Term:** 5 months
## Use of funds
- **Payroll:** $185K
- **Mortgage interest:** $31K
- **Utilities:** $31K
- **Jobs reported:** 25
## Lender
- **Originating:** Celtic Bank Corporation
- **Servicing:** Celtic Bank Corporation (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*