# PPP loan: KOONTZ ELECTRIC COMPANY INCORPORATED
> **$2.00M** approved 04/28/2021 · Paid in Full · Loan `4060908904`
## Borrower
- **Name:** KOONTZ ELECTRIC COMPANY INCORPORATED
- **Address:** 1223 E Broadway St, Morrilton, AR, 72110-3701
- **NAICS:** 335313
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.00M
- **Initial approval:** $2.00M
- **Forgiven:** $2.01M (100%)
- **Forgiveness date:** 09/20/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $2.00M
- **Utilities:** $1
- **Jobs reported:** 183
## Lender
- **Originating:** Simmons Bank
- **Servicing:** Simmons Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*