# PPP loan: CLOUSE ELECTRIC INC.
> **$269K** approved 04/06/2020 · Paid in Full · Loan `5894847000`
## Borrower
- **Name:** CLOUSE ELECTRIC INC.
- **Address:** 877 E US HIGHWAY 224, TIFFIN, OH, 44883-9708
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $269K
- **Initial approval:** $269K
- **Forgiven:** $272K (101%)
- **Forgiveness date:** 08/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $215K
- **Rent:** $27K
- **Utilities:** $27K
- **Jobs reported:** 26
## Lender
- **Originating:** The Old Fort Banking Company
- **Servicing:** The Old Fort Banking Company (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*