# PPP loan: WALSH ELECTRIC CO, INC
> **$630K** approved 04/15/2020 · Paid in Full · Loan `8565907106`
## Borrower
- **Name:** WALSH ELECTRIC CO, INC
- **Address:** 101 SENTRY CIR, YORKTOWN, VA, 23692-4876
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $630K
- **Initial approval:** $630K
- **Forgiven:** $634K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $614K
- **Rent:** $10K
- **Utilities:** $6K
- **Jobs reported:** 38
## Lender
- **Originating:** The Old Point National Bank of Phoebus
- **Servicing:** The Old Point National Bank of Phoebus (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*