# PPP loan: F. WALTHER ELECTRIC CORP
> **$250K** approved 06/03/2020 · Paid in Full · Loan `7366467805`
## Borrower
- **Name:** F. WALTHER ELECTRIC CORP
- **Address:** 12 Worlds Fair Drive, Franklin Township, NJ, 08873-1345
- **NAICS:** 423610
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $250K
- **Initial approval:** $250K
- **Forgiven:** $253K (101%)
- **Forgiveness date:** 07/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $250K
- **Jobs reported:** 18
## Lender
- **Originating:** Fountainhead SBF LLC
- **Servicing:** Fountainhead SBF LLC (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*