# PPP loan: BCU ELECTRIC, INC.
> **$2.78M** approved 04/05/2020 · Paid in Full · Loan `5214067010`
## Borrower
- **Name:** BCU ELECTRIC, INC.
- **Address:** 1019 US HIGHWAY 250, ASHLAND, OH, 44805-9474
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.78M
- **Initial approval:** $2.78M
- **Forgiven:** $2.82M (101%)
- **Forgiveness date:** 08/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.44M
- **Rent:** $10K
- **Utilities:** $10K
- **Health care:** $324K
- **Debt interest:** $2K
- **Jobs reported:** 209
## Lender
- **Originating:** Sutton Bank
- **Servicing:** Sutton Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*