# PPP loan: ACRA ELECTRIC, INC.
> **$506K** approved 04/05/2020 · Paid in Full · Loan `5518917004`
## Borrower
- **Name:** ACRA ELECTRIC, INC.
- **Address:** 842 SE 46th Ln, CAPE CORAL, FL, 33904-8818
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $506K
- **Initial approval:** $506K
- **Forgiven:** $509K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $380K
- **Rent:** $127K
- **Jobs reported:** 45
## Lender
- **Originating:** Busey Bank
- **Servicing:** Busey Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*