# PPP loan: COALMONT ELECTRICAL DEVELOPMENT CORPORATION
> **$410K** approved 05/01/2020 · Paid in Full · Loan `9531367705`
## Borrower
- **Name:** COALMONT ELECTRICAL DEVELOPMENT CORPORATION
- **Address:** 22577 Highway 216, MCCALLA, AL, 35111-2705
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $410K
- **Initial approval:** $410K
- **Forgiven:** $413K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $410K
- **Jobs reported:** 28
## Lender
- **Originating:** Synovus Bank
- **Servicing:** Synovus Bank (GA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*