# PPP loan: WORCH ELECTRIC, INC.
> **$439K** approved 04/28/2020 · Paid in Full · Loan `7948187205`
## Borrower
- **Name:** WORCH ELECTRIC, INC.
- **Address:** 2230 Distribution Circle, SILVER SPRING, MD, 20910-1259
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $439K
- **Initial approval:** $439K
- **Forgiven:** $443K (101%)
- **Forgiveness date:** 05/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $439K
- **Jobs reported:** 20
## Lender
- **Originating:** United Bank
- **Servicing:** United Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*