# PPP loan: WISE HUNDLEY ELECTRIC CO INC
> **$345K** approved 04/09/2020 · Paid in Full · Loan `8940737008`
## Borrower
- **Name:** WISE HUNDLEY ELECTRIC CO INC
- **Address:** 1305 GOODYEAR BLVD, DANVILLE, VA, 24541-2176
- **NAICS:** 238210
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $345K
- **Initial approval:** $345K
- **Forgiven:** $347K (101%)
- **Forgiveness date:** 11/27/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $276K
- **Rent:** $60K
- **Utilities:** $9K
- **Jobs reported:** 21
## Lender
- **Originating:** First National Bank
- **Servicing:** First National Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*