# PPP loan: LAWSON ELECTRIC COMPANY, INC.
> **$4.00M** approved 04/15/2020 · Paid in Full · Loan `8509417107`
## Borrower
- **Name:** LAWSON ELECTRIC COMPANY, INC.
- **Address:** 409 Spring Street, CHATTANOOGA, TN, 37405-3848
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.00M
- **Initial approval:** $4.00M
- **Forgiven:** $4.05M (101%)
- **Forgiveness date:** 08/02/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $3.91M
- **Rent:** $82K
- **Utilities:** $10K
- **Jobs reported:** 500
## 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*