# PPP loan: TWIN CITY ELECTRIC CO. INC.
> **$722K** approved 04/30/2020 · Paid in Full · Loan `4683977304`
## Borrower
- **Name:** TWIN CITY ELECTRIC CO. INC.
- **Address:** 3416 BRADY LANE, LAFAYETTE, IN, 47909
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $722K
- **Initial approval:** $722K
- **Forgiven:** $732K (101%)
- **Forgiveness date:** 09/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $578K
- **Mortgage interest:** $72K
- **Utilities:** $72K
- **Jobs reported:** 58
## Lender
- **Originating:** Horizon Bank
- **Servicing:** Horizon Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*