# PPP loan: ADMAN ELECTRIC INC.
> **$5.25M** approved 04/15/2020 · Paid in Full · Loan `9894377108`
## Borrower
- **Name:** ADMAN ELECTRIC INC.
- **Address:** 2311 E. 28th Street, CHATTANOOGA, TN, 37404-0069
- **NAICS:** 238210
- **Business type:** Employee Stock Ownership Plan(ESOP)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $5.25M
- **Initial approval:** $5.25M
- **Forgiven:** $5.05M (96%)
- **Forgiveness date:** 06/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $5.25M
- **Jobs reported:** 400
## Lender
- **Originating:** Pinnacle Bank
- **Servicing:** Pinnacle Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*