# PPP loan: WILCOX ELECTRIC & SERVICE INC
> **$416K** approved 04/11/2020 · Paid in Full · Loan `2984187101`
## Borrower
- **Name:** WILCOX ELECTRIC & SERVICE INC
- **Address:** 1801 Industrial Park Drive Unit B, NORMAL, IL, 61761-4319
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $416K
- **Initial approval:** $416K
- **Forgiven:** $419K (101%)
- **Forgiveness date:** 12/02/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $413K
- **Rent:** $2K
- **Utilities:** $962
- **Jobs reported:** 21
## Lender
- **Originating:** Commerce Bank
- **Servicing:** Commerce Bank (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*