# PPP loan: MEYERS ELECTRIC, INC.
> **$373K** approved 04/13/2020 · Paid in Full · Loan `5613487102`
## Borrower
- **Name:** MEYERS ELECTRIC, INC.
- **Address:** S13 W33752 Hwy 18, WALES, WI, 53183
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $373K
- **Initial approval:** $373K
- **Forgiven:** $377K (101%)
- **Forgiveness date:** 06/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $280K
- **Rent:** $93K
- **Jobs reported:** 33
## Lender
- **Originating:** Town Bank, National Association
- **Servicing:** Town Bank, National Association (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*