# PPP loan: ELECTRIC PLUS, INC
> **$6.92M** approved 04/10/2020 · Paid in Full · Loan `1275997100`
## Borrower
- **Name:** ELECTRIC PLUS, INC
- **Address:** 173 COUNTY ROAD 525, AVON, IN, 46123-9058
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $6.92M
- **Initial approval:** $6.92M
- **Forgiven:** $7.00M (101%)
- **Forgiveness date:** 05/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $6.92M
- **Jobs reported:** 380
## Lender
- **Originating:** First Merchants Bank
- **Servicing:** First Merchants Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*