# PPP loan: GLENNVILLE ELECTRIC MORTORS, INC.
> **$198K** approved 04/08/2020 · Paid in Full · Loan `8043237000`
## Borrower
- **Name:** GLENNVILLE ELECTRIC MORTORS, INC.
- **Address:** 315 BANKS ST, GLENNVILLE, GA, 30427-2519
- **NAICS:** 335312
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $198K
- **Initial approval:** $198K
- **Forgiven:** $200K (101%)
- **Forgiveness date:** 03/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $148K
- **Utilities:** $49K
- **Jobs reported:** 23
## Lender
- **Originating:** South Georgia Bank
- **Servicing:** South Georgia Bank (GA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*