# PPP loan: BEST WAY ELECTRIC LLC
> **$295K** approved 05/01/2020 · Paid in Full · Loan `9072517310`
## Borrower
- **Name:** BEST WAY ELECTRIC LLC
- **Address:** 6124 Hunt Club Rd, ELKRIDGE, MD, 21075
- **NAICS:** 238390
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $295K
- **Initial approval:** $295K
- **Forgiven:** $297K (101%)
- **Forgiveness date:** 03/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $221K
- **Mortgage interest:** $50K
- **Utilities:** $24K
- **Jobs reported:** 20
## Lender
- **Originating:** Fulton Bank, National Association
- **Servicing:** Fulton Bank, National Association (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*