# PPP loan: DECATUR INDUSTRIAL ELECTRIC INC.
> **$932K** approved 01/22/2021 · Paid in Full · Loan `3722298307`
## Borrower
- **Name:** DECATUR INDUSTRIAL ELECTRIC INC.
- **Address:** 1650 E Garfield Ave, Decatur, IL, 62526-5108
- **NAICS:** 423610
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $932K
- **Initial approval:** $932K
- **Forgiven:** $937K (101%)
- **Forgiveness date:** 08/11/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $932K
- **Utilities:** $1
- **Jobs reported:** 70
## Lender
- **Originating:** First Mid Bank & Trust, National Association
- **Servicing:** First Mid Bank & Trust, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*