# PPP loan: E & L DIAMOND ELECTRIC COOLING & HEATING CO INC.
> **$238K** approved 04/08/2020 · Paid in Full · Loan `8166317000`
## Borrower
- **Name:** E & L DIAMOND ELECTRIC COOLING & HEATING CO INC.
- **Address:** 1000 S. MAIN ST., GALAX, VA, 24333-4408
- **NAICS:** 238220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $238K
- **Initial approval:** $238K
- **Forgiven:** $241K (101%)
- **Forgiveness date:** 07/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $59K
- **Utilities:** $178K
- **Jobs reported:** 29
## Lender
- **Originating:** The National Bank of Blacksburg
- **Servicing:** The National Bank of Blacksburg (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*