# PPP loan: TOMMY WALLACE ELECTRICAL, INC.
> **$505K** approved 04/14/2020 · Paid in Full · Loan `7507227100`
## Borrower
- **Name:** TOMMY WALLACE ELECTRICAL, INC.
- **Address:** 3410 SHANNON PARK DRIVE, FREDERICKSBURG, VA, 22408
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $505K
- **Initial approval:** $505K
- **Forgiven:** $508K (101%)
- **Forgiveness date:** 12/10/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $505K
- **Jobs reported:** 43
## Lender
- **Originating:** Atlantic Union Bank
- **Servicing:** Atlantic Union Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*