# PPP loan: DIRECT ELECTRIC INC
> **$269K** approved 03/16/2021 · Paid in Full · Loan `2913498600`
## Borrower
- **Name:** DIRECT ELECTRIC INC
- **Address:** 10684 Chicago Dr, Zeeland, MI, 49464-9184
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $269K
- **Initial approval:** $269K
- **Forgiven:** $271K (101%)
- **Forgiveness date:** 10/20/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $269K
- **Jobs reported:** 27
## Lender
- **Originating:** West Michigan Community Bank
- **Servicing:** West Michigan Community Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*