# PPP loan: WEBER ELECTRIC MANUFACTURING CO
> **$250K** approved 04/05/2020 · Paid in Full · Loan `5544967001`
## Borrower
- **Name:** WEBER ELECTRIC MANUFACTURING CO
- **Address:** 2465 23 Mile Road, Shelby Township, MI, 48316-3805
- **NAICS:** 221122
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $250K
- **Initial approval:** $250K
- **Forgiven:** $185K (74%)
- **Forgiveness date:** 01/24/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $250K
- **Jobs reported:** 24
## Lender
- **Originating:** The Huntington National Bank
- **Servicing:** The Huntington National Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*