# PPP loan: MIKE WALSH ELECTRIC INC.
> **$1.25M** approved 02/17/2021 · Paid in Full · Loan `9669128408`
## Borrower
- **Name:** MIKE WALSH ELECTRIC INC.
- **Address:** 927 N State St, South Abington Township, PA, 18411-9428
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.25M
- **Initial approval:** $1.25M
- **Forgiven:** $1.26M (101%)
- **Forgiveness date:** 02/08/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.25M
- **Utilities:** $1
- **Jobs reported:** 75
## Lender
- **Originating:** Fidelity Deposit and Discount Bank
- **Servicing:** Fidelity Deposit and Discount Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*