# PPP loan: YORK ELECTRIC, INC.
> **$754K** approved 04/03/2020 · Paid in Full · Loan `4357457001`
## Borrower
- **Name:** YORK ELECTRIC, INC.
- **Address:** 611 ANDRE ST, BAY CITY, MI, 48706-4169
- **NAICS:** 423610
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $754K
- **Initial approval:** $754K
- **Forgiven:** $761K (101%)
- **Forgiveness date:** 02/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $631K
- **Rent:** $38K
- **Utilities:** $20K
- **Health care:** $65K
- **Jobs reported:** 47
## Lender
- **Originating:** 1st State Bank
- **Servicing:** 1st State Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*