# PPP loan: WILTSE ELECTRIC SERVICES INC
> **$377K** approved 04/13/2020 · Paid in Full · Loan `4470817102`
## Borrower
- **Name:** WILTSE ELECTRIC SERVICES INC
- **Address:** 1146 CAMELOT DR, PINCKNEY, MI, 48169-9034
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $377K
- **Initial approval:** $377K
- **Forgiven:** $382K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $283K
- **Utilities:** $94K
- **Jobs reported:** 12
## Lender
- **Originating:** Chelsea State Bank
- **Servicing:** Chelsea State Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*