# PPP loan: WAYNE ELECTRIC CO., INC.
> **$162K** approved 04/07/2020 · Paid in Full · Loan `7368297000`
## Borrower
- **Name:** WAYNE ELECTRIC CO., INC.
- **Address:** 106 N CAROLINA ST, GOLDSBORO, NC, 27530-3502
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $162K
- **Initial approval:** $162K
- **Forgiven:** $163K (101%)
- **Forgiveness date:** 11/24/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $162K
- **Jobs reported:** 22
## Lender
- **Originating:** Southern Bank and Trust Company
- **Servicing:** Southern Bank and Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*