# PPP loan: SORREL ELECTRICAL SPECIALTIES
> **$205K** approved 04/15/2020 · Paid in Full · Loan `8985807107`
## Borrower
- **Name:** SORREL ELECTRICAL SPECIALTIES
- **Address:** 204 LAKE TALON RD, BROUSSARD, LA, 70518-8064
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $205K
- **Initial approval:** $205K
- **Forgiven:** $207K (101%)
- **Forgiveness date:** 06/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $161K
- **Rent:** $20K
- **Health care:** $19K
- **Debt interest:** $5K
- **Jobs reported:** 17
## Lender
- **Originating:** Community First Bank
- **Servicing:** Community First Bank (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*