# PPP loan: BANKS ELECTRIC, INCORPORATED
> **$476K** approved 04/08/2020 · Paid in Full · Loan `8310207008`
## Borrower
- **Name:** BANKS ELECTRIC, INCORPORATED
- **Address:** 399 DISTRIBUTION PKWY, COLLIERVILLE, TN, 38017-3924
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $476K
- **Initial approval:** $476K
- **Forgiven:** $481K (101%)
- **Forgiveness date:** 04/27/2021
- **Status:** Paid in Full
- **Term:** 59 months
## Use of funds
- **Payroll:** $476K
- **Jobs reported:** 44
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*