# PPP loan: H.C. DETERMAN ELECTRIC COMPANY
> **$240K** approved 04/07/2020 · Paid in Full · Loan `6535427006`
## Borrower
- **Name:** H.C. DETERMAN ELECTRIC COMPANY
- **Address:** 1350 S HARRISON AVE, MASON CITY, IA, 50401-4902
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $240K
- **Initial approval:** $247K
- **Forgiven:** $241K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $180K
- **Rent:** $30K
- **Utilities:** $5K
- **Health care:** $25K
- **Jobs reported:** 12
## Lender
- **Originating:** First Citizens Bank
- **Servicing:** First Citizens Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*