# PPP loan: ROSHER ELECTRIC COMPANY, INC
> **$199K** approved 04/09/2020 · Paid in Full · Loan `9941687002`
## Borrower
- **Name:** ROSHER ELECTRIC COMPANY, INC
- **Address:** 4670 Halls Mill Road, MOBILE, AL, 36693-5628
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $199K
- **Initial approval:** $199K
- **Forgiven:** $201K (101%)
- **Forgiveness date:** 05/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $149K
- **Mortgage interest:** $17K
- **Utilities:** $17K
- **Health care:** $17K
- **Jobs reported:** 20
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*