# PPP loan: NORMAN ELECTRIC, INC
> **$150K** approved 04/10/2020 · Paid in Full · Loan `1882467107`
## Borrower
- **Name:** NORMAN ELECTRIC, INC
- **Address:** 145 PO BOX 8866 S Market St, MOUNT EATON, OH, 44659-0145
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $150K
- **Initial approval:** $150K
- **Forgiven:** $151K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $113K
- **Mortgage interest:** $19K
- **Utilities:** $19K
- **Jobs reported:** 11
## Lender
- **Originating:** The Commercial and Savings Bank of Millersburg, Ohio
- **Servicing:** The Commercial and Savings Bank of Millersburg, Ohio (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*