# PPP loan: CIRCLE R ELECTRIC INC.
> **$1.08M** approved 04/04/2020 · Paid in Full · Loan `4717737007`
## Borrower
- **Name:** CIRCLE R ELECTRIC INC.
- **Address:** 5740 Central Ave, PORTAGE, IN, 46368-2949
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.08M
- **Initial approval:** $1.07M
- **Forgiven:** $1.09M (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.08M
- **Jobs reported:** 54
## Lender
- **Originating:** Peoples Bank
- **Servicing:** Peoples Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*