# PPP loan: APPLE ELECTRIC INC.
> **$293K** approved 04/28/2020 · Paid in Full · Loan `8913637203`
## Borrower
- **Name:** APPLE ELECTRIC INC.
- **Address:** 18854 JOHN J WILLIAMS HWY, REHOBOTH BEACH, DE, 19971-4402
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $293K
- **Initial approval:** $293K
- **Forgiven:** $296K (101%)
- **Forgiveness date:** 07/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $293K
- **Jobs reported:** 28
## Lender
- **Originating:** Wilmington Savings Fund Society, FSB
- **Servicing:** Wilmington Savings Fund Society, FSB (DE)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*