# PPP loan: GORMAN & GORMAN ELECTRIC CO
> **$150K** approved 04/10/2020 · Paid in Full · Loan `1258787105`
## Borrower
- **Name:** GORMAN & GORMAN ELECTRIC CO
- **Address:** 2255 RONALD AVE, MACON, GA, 31217-5814
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $150K
- **Initial approval:** $341K
- **Forgiven:** $151K (101%)
- **Forgiveness date:** 04/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $150K
- **Jobs reported:** 14
## Lender
- **Originating:** Cadence Bank
- **Servicing:** Cadence Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*