# PPP loan: J.F. ELECTRIC, INC.
> **$1.44M** approved 04/04/2020 · Paid in Full · Loan `4690237009`
## Borrower
- **Name:** J.F. ELECTRIC, INC.
- **Address:** 100 Lakefront Parkway, EDWARDSVILLE, IL, 62025-1111
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.44M
- **Initial approval:** $1.44M
- **Forgiven:** $1.46M (101%)
- **Forgiveness date:** 06/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.08M
- **Mortgage interest:** $180K
- **Utilities:** $180K
- **Jobs reported:** 101
## 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*