# PPP loan: ADVENT ELECTRIC, INCORPORATED
> **$677K** approved 04/09/2020 · Paid in Full · Loan `9105977000`
## Borrower
- **Name:** ADVENT ELECTRIC, INCORPORATED
- **Address:** 5901 WALDEN DR, KNOXVILLE, TN, 37919-6336
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $677K
- **Initial approval:** $677K
- **Forgiven:** $682K (101%)
- **Forgiveness date:** 01/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $508K
- **Mortgage interest:** $127K
- **Utilities:** $42K
- **Jobs reported:** 83
## Lender
- **Originating:** Mountain Commerce Bank
- **Servicing:** Mountain Commerce Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*