# PPP loan: NORTHROP ELECTRIC, INC
> **$496K** approved 04/07/2020 · Paid in Full · Loan `7279417008`
## Borrower
- **Name:** NORTHROP ELECTRIC, INC
- **Address:** 426 PO BOX, PASCAGOULA, MS, 39568-0426
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $496K
- **Initial approval:** $496K
- **Forgiven:** $500K (101%)
- **Forgiveness date:** 02/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $496K
- **Jobs reported:** 31
## Lender
- **Originating:** Merchants & Marine Bank
- **Servicing:** Merchants & Marine Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*