# PPP loan: WEBER ELECTRIC INC
> **$505K** approved 04/10/2020 · Paid in Full · Loan `1849257101`
## Borrower
- **Name:** WEBER ELECTRIC INC
- **Address:** 200 E LAFAYETTE ST, BLOOMINGTON, IL, 61701-6717
- **NAICS:** 238210
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $505K
- **Initial approval:** $505K
- **Forgiven:** $511K (101%)
- **Forgiveness date:** 07/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $505K
- **Jobs reported:** 36
## Lender
- **Originating:** First State Bank and Trust
- **Servicing:** First State Bank and Trust (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*