# PPP loan: ELECTREX COMPANY, INC.
> **$363K** approved 05/01/2020 · Paid in Full · Loan `1040867810`
## Borrower
- **Name:** ELECTREX COMPANY, INC.
- **Address:** 41700 Executive Drive, Harrison Township, MI, 48045
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $363K
- **Initial approval:** $363K
- **Forgiven:** $368K (101%)
- **Forgiveness date:** 08/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $363K
- **Jobs reported:** 18
## Lender
- **Originating:** The Huntington National Bank
- **Servicing:** The Huntington National Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*