# PPP loan: HALM ELECTRICAL CONTRACTING, INC.
> **$580K** approved 04/10/2020 · Paid in Full · Loan `1972247104`
## Borrower
- **Name:** HALM ELECTRICAL CONTRACTING, INC.
- **Address:** 1301 N LaSalle Street, Ottawa, IL, 61350
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $580K
- **Initial approval:** $580K
- **Forgiven:** $584K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $473K
- **Health care:** $108K
- **Jobs reported:** 33
## Lender
- **Originating:** OSB Community Bank
- **Servicing:** OSB Community Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*