# PPP loan: ADAMS ELECTRIC, INC
> **$728K** approved 04/10/2020 · Paid in Full · Loan `1523077106`
## Borrower
- **Name:** ADAMS ELECTRIC, INC
- **Address:** 801 N Wisconsin St, Elkhorn, WI, 53121-1138
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $728K
- **Initial approval:** $728K
- **Forgiven:** $706K (97%)
- **Forgiveness date:** 12/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $728K
- **Jobs reported:** 52
## Lender
- **Originating:** Advia Credit Union
- **Servicing:** Advia Credit Union (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*