# PPP loan: DC ELECTRIC OF BENTON
> **$904K** approved 04/27/2020 · Paid in Full · Loan `5510657200`
## Borrower
- **Name:** DC ELECTRIC OF BENTON
- **Address:** 1262 Dyke Rd., BENTON, KY, 42025
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $904K
- **Initial approval:** $904K
- **Forgiven:** $912K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $723K
- **Rent:** $60K
- **Mortgage interest:** $60K
- **Utilities:** $60K
- **Jobs reported:** 44
## Lender
- **Originating:** The City National Bank of Metropolis
- **Servicing:** The City National Bank of Metropolis (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*