# PPP loan: EAST COAST ELECTRICAL CO.
> **$180K** approved 05/01/2020 · Paid in Full · Loan `8030167309`
## Borrower
- **Name:** EAST COAST ELECTRICAL CO.
- **Address:** 245 Bert Winston Road, Youngsville, NC, 27596
- **NAICS:** 423830
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $180K
- **Initial approval:** $180K
- **Forgiven:** $182K (101%)
- **Forgiveness date:** 09/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $180K
- **Jobs reported:** 11
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*