# PPP loan: MEYER ELECTRIC COMPANY, INC.
> **$3.75M** approved 04/03/2020 · Paid in Full · Loan `4344807000`
## Borrower
- **Name:** MEYER ELECTRIC COMPANY, INC.
- **Address:** 3513 N Ten Mile Drive, JEFFERSON CITY, MO, 65109-0532
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.75M
- **Initial approval:** $3.75M
- **Forgiven:** $3.79M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.26M
- **Rent:** $25K
- **Utilities:** $2K
- **Health care:** $435K
- **Debt interest:** $30K
- **Jobs reported:** 195
## Lender
- **Originating:** The Central Trust Bank
- **Servicing:** The Central Trust Bank (MO)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*