# PPP loan: CORELL ELECTRICAL CONTRACTORS INC.
> **$570K** approved 01/28/2021 · Paid in Full · Loan `7925708308`
## Borrower
- **Name:** CORELL ELECTRICAL CONTRACTORS INC.
- **Address:** 348 Pennsylvania Ave, Salem, VA, 24153-4307
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $570K
- **Initial approval:** $570K
- **Forgiven:** $572K (100%)
- **Forgiveness date:** 06/30/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $570K
- **Jobs reported:** 85
## Lender
- **Originating:** Pinnacle Bank
- **Servicing:** Pinnacle Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*