# PPP loan: TOM DAVIS ELECTRIC, INC
> **$789K** approved 04/10/2020 · Paid in Full · Loan `2271537110`
## Borrower
- **Name:** TOM DAVIS ELECTRIC, INC
- **Address:** 1212 E UNIVERSITY AVE, SUITE A, URBANA, IL, 61802-2011
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $789K
- **Initial approval:** $789K
- **Forgiven:** $797K (101%)
- **Forgiveness date:** 05/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $789K
- **Jobs reported:** 38
## Lender
- **Originating:** BankChampaign, National Association
- **Servicing:** BankChampaign, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*