# PPP loan: CLOCK ELECTRIC INC
> **$200K** approved 04/05/2020 · Paid in Full · Loan `5117047002`
## Borrower
- **Name:** CLOCK ELECTRIC INC
- **Address:** 1624 COUTANT AVENUE, LAKEWOOD, OH, 44107-5228
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $200K
- **Initial approval:** $200K
- **Forgiven:** $201K (101%)
- **Forgiveness date:** 11/27/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $150K
- **Mortgage interest:** $25K
- **Utilities:** $25K
- **Jobs reported:** 17
## Lender
- **Originating:** The Croghan Colonial Bank
- **Servicing:** The Croghan Colonial Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*