# PPP loan: SHELBY ELECTRIC COMPANY, INC
> **$805K** approved 04/15/2020 · Paid in Full · Loan `9464467100`
## Borrower
- **Name:** SHELBY ELECTRIC COMPANY, INC
- **Address:** 96 East E H Crump Blvd, MEMPHIS, TN, 38106-1712
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $805K
- **Initial approval:** $805K
- **Forgiven:** $809K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $805K
- **Jobs reported:** 55
## Lender
- **Originating:** The Bank of Fayette County
- **Servicing:** The Bank of Fayette County (TN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*