# PPP loan: POINTER ELECTRIC, INC.
> **$230K** approved 04/13/2020 · Paid in Full · Loan `5260217106`
## Borrower
- **Name:** POINTER ELECTRIC, INC.
- **Address:** 525 MOUND ST, JERSEYVILLE, IL, 62052-2843
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $230K
- **Initial approval:** $230K
- **Forgiven:** $232K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $230K
- **Jobs reported:** 9
## Lender
- **Originating:** Jersey State Bank
- **Servicing:** Jersey State Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*