# PPP loan: DECATUR INDUSTRIAL ELECTRIC, INC.
> **$999K** approved 04/03/2020 · Paid in Full · Loan `4570057009`
## Borrower
- **Name:** DECATUR INDUSTRIAL ELECTRIC, INC.
- **Address:** 1650 E GARFIELD, DECATUR, IL, 62526-1111
- **NAICS:** 423610
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $999K
- **Initial approval:** $999K
- **Forgiven:** $1.01M (101%)
- **Forgiveness date:** 01/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $899K
- **Mortgage interest:** $50K
- **Utilities:** $50K
- **Jobs reported:** 72
## Lender
- **Originating:** First Mid Bank & Trust, National Association
- **Servicing:** First Mid Bank & Trust, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*