# PPP loan: RALPH WHITE ELECTRIC COMPANY, INC.
> **$563K** approved 04/09/2020 · Exemption 4 · Loan `9401957010`
## Borrower
- **Name:** RALPH WHITE ELECTRIC COMPANY, INC.
- **Address:** 5776 Reeds Bridge Road, RINGGOLD, GA, 30736-5311
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $563K
- **Initial approval:** $563K
- **Forgiven:** $515K (92%)
- **Forgiveness date:** 05/13/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $563K
- **Jobs reported:** 40
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*