# PPP loan: MCNEW ELECTRIC LLC
> **$270K** approved 01/20/2021 · Paid in Full · Loan `2260608304`
## Borrower
- **Name:** MCNEW ELECTRIC LLC
- **Address:** 19221 Highway CC, Licking, MO, 65542-9136
- **NAICS:** 238210
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $270K
- **Initial approval:** $270K
- **Forgiven:** $272K (101%)
- **Forgiveness date:** 11/03/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $270K
- **Jobs reported:** 18
## Lender
- **Originating:** Town & Country Bank
- **Servicing:** Town & Country Bank (MO)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*