# PPP loan: GIGERICH ELECTRICAL, INC.
> **$1.20M** approved 04/07/2020 · Paid in Full · Loan `7384907004`
## Borrower
- **Name:** GIGERICH ELECTRICAL, INC.
- **Address:** 4669 Malvern Rd., HOT SPRINGS NATIONAL PARK, AR, 71901-8516
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.20M
- **Initial approval:** $1.20M
- **Forgiven:** $1.22M (101%)
- **Forgiveness date:** 04/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.19M
- **Utilities:** $9K
- **Jobs reported:** 137
## Lender
- **Originating:** Simmons Bank
- **Servicing:** Simmons Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*