# PPP loan: DONALDSON ELECTRIC CO., INC.
> **$346K** approved 07/23/2020 · Paid in Full · Loan `7348588101`
## Borrower
- **Name:** DONALDSON ELECTRIC CO., INC.
- **Address:** 9625 South Main Street, Bldg. C, JONESBORO, GA, 30236-6078
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $346K
- **Initial approval:** $346K
- **Forgiven:** $348K (100%)
- **Forgiveness date:** 02/01/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $346K
- **Jobs reported:** 21
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*