# PPP loan: GERHOLD ELECTRIC, INC.
> **$158K** approved 04/09/2020 · Paid in Full · Loan `8915317009`
## Borrower
- **Name:** GERHOLD ELECTRIC, INC.
- **Address:** 10036 NW 46TH ST, SUNRISE, FL, 33351-7937
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $158K
- **Initial approval:** $158K
- **Forgiven:** $160K (101%)
- **Forgiveness date:** 04/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $153K
- **Rent:** $5K
- **Jobs reported:** 20
## Lender
- **Originating:** Paradise Bank
- **Servicing:** Paradise Bank (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*