# PPP loan: BARTON MCKINNON ELECTRIC INC
> **$193K** approved 02/13/2021 · Paid in Full · Loan `8507158409`
## Borrower
- **Name:** BARTON MCKINNON ELECTRIC INC
- **Address:** 698 Mount Olive Dr, Newton Grove, NC, 28366-7776
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $193K
- **Initial approval:** $193K
- **Forgiven:** $195K (101%)
- **Forgiveness date:** 04/07/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $193K
- **Jobs reported:** 17
## Lender
- **Originating:** First-Citizens Bank & Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*