# PPP loan: ELMORE ELECTRIC INC.
> **$245K** approved 03/20/2021 · Paid in Full · Loan `5026238600`
## Borrower
- **Name:** ELMORE ELECTRIC INC.
- **Address:** 205 North St, Princeton, IL, 61356-8612
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $245K
- **Initial approval:** $245K
- **Forgiven:** $247K (101%)
- **Forgiveness date:** 03/14/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $245K
- **Utilities:** $1
- **Jobs reported:** 26
## Lender
- **Originating:** Heartland Bank and Trust Company
- **Servicing:** Heartland Bank and Trust Company (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*