# PPP loan: VAUGHN ELECTRIC COMPANY INC
> **$799K** approved 04/09/2020 · Paid in Full · Loan `9297967001`
## Borrower
- **Name:** VAUGHN ELECTRIC COMPANY INC
- **Address:** 313 E FLORIDA AVE, UNION CITY, TN, 38261-3957
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $799K
- **Initial approval:** $799K
- **Forgiven:** $805K (101%)
- **Forgiveness date:** 12/30/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $599K
- **Utilities:** $200K
- **Jobs reported:** 54
## Lender
- **Originating:** First-Citizens National Bank
- **Servicing:** First-Citizens National Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*