# PPP loan: FRYE ELECTRIC INC
> **$257K** approved 04/06/2020 · Paid in Full · Loan `6037707004`
## Borrower
- **Name:** FRYE ELECTRIC INC
- **Address:** 8403 E US Hwy 36 5th B, AVON, IN, 46123
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $257K
- **Initial approval:** $257K
- **Forgiven:** $259K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $193K
- **Rent:** $32K
- **Utilities:** $32K
- **Jobs reported:** 18
## Lender
- **Originating:** First Mid Bank & Trust, National Association
- **Servicing:** First Mid Bank & Trust, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*