# PPP loan: ADRIAN ELECTRIC & GENERATOR CO
> **$262K** approved 01/21/2021 · Paid in Full · Loan `3057078310`
## Borrower
- **Name:** ADRIAN ELECTRIC & GENERATOR CO
- **Address:** 1129 E Beecher St, Adrian, MI, 49221-4017
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $262K
- **Initial approval:** $262K
- **Forgiven:** $265K (101%)
- **Forgiveness date:** 01/25/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $262K
- **Jobs reported:** 13
## Lender
- **Originating:** TLC Community CU
- **Servicing:** TLC Community CU (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*