# PPP loan: GALLOWAY ELECTRIC INC.
> **$447K** approved 02/18/2021 · Paid in Full · Loan `9943178405`
## Borrower
- **Name:** GALLOWAY ELECTRIC INC.
- **Address:** 1412 S Green St, Henderson, KY, 42420-4343
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $447K
- **Initial approval:** $447K
- **Forgiven:** $450K (101%)
- **Forgiveness date:** 11/26/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $447K
- **Utilities:** $1
- **Jobs reported:** 22
## Lender
- **Originating:** Field & Main Bank
- **Servicing:** Field & Main Bank (KY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*