# PPP loan: CARTER ELECTRIC CO INC
> **$507K** approved 04/15/2020 · Paid in Full · Loan `9767847104`
## Borrower
- **Name:** CARTER ELECTRIC CO INC
- **Address:** 231 JEAN ST, DAYTONA BEACH, FL, 32114
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $507K
- **Initial approval:** $507K
- **Forgiven:** $512K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $507K
- **Jobs reported:** 14
## Lender
- **Originating:** Seacoast National Bank
- **Servicing:** Seacoast National Bank (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*