# PPP loan: TAYLOR ELECTRIC, INC.
> **$334K** approved 04/30/2020 · Paid in Full · Loan `7227957309`
## Borrower
- **Name:** TAYLOR ELECTRIC, INC.
- **Address:** 5592 WALL TRIANA HWY, MADISON, AL, 35758-9755
- **NAICS:** 221122
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $334K
- **Initial approval:** $334K
- **Forgiven:** $338K (101%)
- **Forgiveness date:** 06/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $334K
- **Jobs reported:** 17
## Lender
- **Originating:** Regions Bank
- **Servicing:** Regions Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*