# PPP loan: HINSON ELECTRICAL CONTRACTORS OF KANNAPOLIS, INC.
> **$513K** approved 04/14/2020 · Paid in Full · Loan `7221357109`
## Borrower
- **Name:** HINSON ELECTRICAL CONTRACTORS OF KANNAPOLIS, INC.
- **Address:** 601 N Enochville Avenue, KANNAPOLIS, NC, 28081-9140
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $513K
- **Initial approval:** $513K
- **Forgiven:** $518K (101%)
- **Forgiveness date:** 04/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $513K
- **Jobs reported:** 38
## Lender
- **Originating:** Bank OZK
- **Servicing:** Bank OZK (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*