# PPP loan: CANNON & WENDT ELECTRIC CO., INC.
> **$6.23M** approved 04/06/2020 · Paid in Full · Loan `5606867002`
## Borrower
- **Name:** CANNON & WENDT ELECTRIC CO., INC.
- **Address:** 4020 N. 16th St., PHOENIX, AZ, 85016-5920
- **NAICS:** 238210
- **Business type:** Employee Stock Ownership Plan(ESOP)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $6.23M
- **Initial approval:** $6.23M
- **Forgiven:** $6.31M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $6.23M
- **Jobs reported:** 414
## Lender
- **Originating:** UMB Bank, National Association
- **Servicing:** UMB Bank, National Association (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*