# PPP loan: MAYNARD ELECTRIC COMPANY
> **$473K** approved 03/12/2021 · Paid in Full · Loan `9612298510`
## Borrower
- **Name:** MAYNARD ELECTRIC COMPANY
- **Address:** 1496 Mountain Meadows Dr, Morganton, NC, 28655-6659
- **NAICS:** 238210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $473K
- **Initial approval:** $473K
- **Forgiven:** $476K (101%)
- **Forgiveness date:** 10/26/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $473K
- **Utilities:** $1
- **Jobs reported:** 41
## 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*