# PPP loan: MID-AMERICA ELECTRIC, INC.
> **$367K** approved 04/10/2020 · Paid in Full · Loan `1192897110`
## Borrower
- **Name:** MID-AMERICA ELECTRIC, INC.
- **Address:** 5950 Old State Rd, IMPERIAL, MO, 63052
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $367K
- **Initial approval:** $367K
- **Forgiven:** $371K (101%)
- **Forgiveness date:** 03/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $276K
- **Rent:** $92K
- **Jobs reported:** 35
## Lender
- **Originating:** Carrollton Bank
- **Servicing:** Carrollton Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*