# PPP loan: SKELTON ELECTRIC CO. INC
> **$232K** approved 04/08/2020 · Paid in Full · Loan `8004637010`
## Borrower
- **Name:** SKELTON ELECTRIC CO. INC
- **Address:** 12 MAPLE LN, NEWPORT, AR, 72112-9219
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $232K
- **Initial approval:** $232K
- **Forgiven:** $235K (101%)
- **Forgiveness date:** 02/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $174K
- **Debt interest:** $58K
- **Jobs reported:** 21
## Lender
- **Originating:** The Citizens Bank
- **Servicing:** The Citizens Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*