# PPP loan: BEL-CLAIR ELECTRIC INC.
> **$518K** approved 02/02/2021 · Paid in Full · Loan `1780358409`
## Borrower
- **Name:** BEL-CLAIR ELECTRIC INC.
- **Address:** 11 Southgate Ctr, Freeburg, IL, 62243-1541
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $518K
- **Initial approval:** $518K
- **Forgiven:** $521K (100%)
- **Forgiveness date:** 07/30/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $518K
- **Jobs reported:** 18
## Lender
- **Originating:** Bank of Springfield
- **Servicing:** Bank of Springfield (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*