# PPP loan: ALLTECH ELECTRIC INC.
> **$241K** approved 04/28/2020 · Paid in Full · Loan `1380407307`
## Borrower
- **Name:** ALLTECH ELECTRIC INC.
- **Address:** 1355 W. ROCK SPRINGS RD., DECATUR, IL, 62521-1111
- **NAICS:** 561110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $241K
- **Initial approval:** $241K
- **Forgiven:** $244K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $230K
- **Utilities:** $11K
- **Jobs reported:** 9
## Lender
- **Originating:** First Mid Bank & Trust, National Association
- **Servicing:** First Mid Bank & Trust, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*