# PPP loan: B & B ELECTRIC INC
> **$1.70M** approved 04/06/2020 · Paid in Full · Loan `5750067003`
## Borrower
- **Name:** B & B ELECTRIC INC
- **Address:** 3000 REILLY DR, SPRINGFIELD, IL, 62703-4565
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.70M
- **Initial approval:** $1.70M
- **Forgiven:** $1.71M (101%)
- **Forgiveness date:** 12/15/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.70M
- **Jobs reported:** 79
## Lender
- **Originating:** United Community Bank
- **Servicing:** United Community Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*