# PPP loan: MADDOX AIR & ELECTRICAL, INC.
> **$636K** approved 04/08/2020 · Paid in Full · Loan `8144287003`
## Borrower
- **Name:** MADDOX AIR & ELECTRICAL, INC.
- **Address:** 1110 McConville Road, LYNCHBURG, VA, 24502-4534
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $636K
- **Initial approval:** $636K
- **Forgiven:** $640K (101%)
- **Forgiveness date:** 12/14/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $636K
- **Jobs reported:** 82
## 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*