# PPP loan: ELLIS ELECTRIC INC
> **$188K** approved 04/12/2020 · Paid in Full · Loan `4050947110`
## Borrower
- **Name:** ELLIS ELECTRIC INC
- **Address:** 1495 TREMONT, CHESTERTON, IN, 46304
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $188K
- **Initial approval:** $188K
- **Forgiven:** $189K (101%)
- **Forgiveness date:** 12/02/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $150K
- **Mortgage interest:** $38K
- **Jobs reported:** 11
## Lender
- **Originating:** Horizon Bank
- **Servicing:** Horizon Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*