# PPP loan: FREEMAN ELECTRICAL CONTRACTORS INC
> **$258K** approved 04/08/2020 · Paid in Full · Loan `7944617010`
## Borrower
- **Name:** FREEMAN ELECTRICAL CONTRACTORS INC
- **Address:** 4029 JOHNSTON RD, VALDOSTA, GA, 31606-2141
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $258K
- **Initial approval:** $258K
- **Forgiven:** $262K (101%)
- **Forgiveness date:** 07/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $207K
- **Rent:** $21K
- **Utilities:** $23K
- **Health care:** $8K
- **Jobs reported:** 23
## Lender
- **Originating:** The First Bank
- **Servicing:** The First Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*