# PPP loan: O'FALLON ELECTRIC COMPANY
> **$173K** approved 04/28/2020 · Paid in Full · Loan `1472627300`
## Borrower
- **Name:** O'FALLON ELECTRIC COMPANY
- **Address:** 8576 East Hwy 50 PO Box 488, O FALLON, IL, 62269-0488
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $173K
- **Initial approval:** $173K
- **Forgiven:** $175K (101%)
- **Forgiveness date:** 07/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $164K
- **Rent:** $8K
- **Utilities:** $953
- **Jobs reported:** 13
## Lender
- **Originating:** Bank of O'Fallon
- **Servicing:** Bank of O'Fallon (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*