# PPP loan: ADAMS ELECTRIC COMPANY
> **$4.29M** approved 04/09/2020 · Paid in Full · Loan `9249527004`
## Borrower
- **Name:** ADAMS ELECTRIC COMPANY
- **Address:** 401 N. Elm St, GREENSBORO, NC, 27401-2112
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.29M
- **Initial approval:** $4.29M
- **Forgiven:** $4.35M (101%)
- **Forgiveness date:** 08/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $4.29M
- **Jobs reported:** 325
## Lender
- **Originating:** First Bank
- **Servicing:** First Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*