# PPP loan: WILLIS ELECTRIC COMP
> **$269K** approved 02/11/2021 · Paid in Full · Loan `7372588406`
## Borrower
- **Name:** WILLIS ELECTRIC COMP
- **Address:** 13424 NC Highway 55, Bayboro, NC, 28515-9105
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $269K
- **Initial approval:** $269K
- **Forgiven:** $272K (101%)
- **Forgiveness date:** 01/06/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $269K
- **Utilities:** $1
- **Jobs reported:** 23
## Lender
- **Originating:** Wells Fargo Bank, National Association
- **Servicing:** Wells Fargo Bank, National Association (SD)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*