# PPP loan: BROWN ELECTRIC CONSTRUCTION CO.
> **$1.36M** approved 04/05/2020 · Paid in Full · Loan `5116337004`
## Borrower
- **Name:** BROWN ELECTRIC CONSTRUCTION CO.
- **Address:** 1309 WATTS LN, QUINCY, IL, 62305-1302
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.36M
- **Initial approval:** $1.36M
- **Forgiven:** $1.37M (101%)
- **Forgiveness date:** 12/22/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.36M
- **Jobs reported:** 64
## Lender
- **Originating:** United Community Bank
- **Servicing:** United Community Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*