# PPP loan: WATTS ELECTRIC, INC.
> **$357K** approved 04/05/2020 · Paid in Full · Loan `5210287009`
## Borrower
- **Name:** WATTS ELECTRIC, INC.
- **Address:** 5100A N STATE HIGHWAY 7, NORTH VERNON, IN, 47265-7368
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $357K
- **Initial approval:** $357K
- **Forgiven:** $359K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $357K
- **Jobs reported:** 26
## Lender
- **Originating:** German American Bank
- **Servicing:** German American Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*