# PPP loan: ADCO ELECTRIC INCORPORATED
> **$610K** approved 01/31/2021 · Paid in Full · Loan `9582038304`
## Borrower
- **Name:** ADCO ELECTRIC INCORPORATED
- **Address:** 2236 Maddox Rd, Jackson, MS, 39209-9601
- **NAICS:** 238210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $610K
- **Initial approval:** $610K
- **Forgiven:** $618K (101%)
- **Forgiveness date:** 07/13/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $610K
- **Utilities:** $1
- **Jobs reported:** 57
## Lender
- **Originating:** Trustmark National Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*