# PPP loan: GENE LYNN ELECTRIC INC
> **$454K** approved 04/14/2020 · Paid in Full · Loan `7578607104`
## Borrower
- **Name:** GENE LYNN ELECTRIC INC
- **Address:** 125 PALMETTO RD, TYRONE, GA, 30290-2002
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $454K
- **Initial approval:** $454K
- **Forgiven:** $457K (101%)
- **Forgiveness date:** 01/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $454K
- **Jobs reported:** 35
## Lender
- **Originating:** Synovus Bank
- **Servicing:** Synovus Bank (GA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*