# PPP loan: REDDY ELECTRIC CO.
> **$1.41M** approved 04/05/2020 · Paid in Full · Loan `5171047003`
## Borrower
- **Name:** REDDY ELECTRIC CO.
- **Address:** 1145 BELLBROOK AVE, XENIA, OH, 45385-4013
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.41M
- **Initial approval:** $1.41M
- **Forgiven:** $1.42M (101%)
- **Forgiveness date:** 11/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.13M
- **Rent:** $71K
- **Utilities:** $71K
- **Health care:** $141K
- **Jobs reported:** 101
## Lender
- **Originating:** The Old Fort Banking Company
- **Servicing:** The Old Fort Banking Company (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*