# PPP loan: MOUNTS ELECTRIC INC
> **$573K** approved 04/14/2020 · Paid in Full · Loan `6567167103`
## Borrower
- **Name:** MOUNTS ELECTRIC INC
- **Address:** 515 NW 2ND ST, EVANSVILLE, IN, 47708-1011
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $573K
- **Initial approval:** $573K
- **Forgiven:** $576K (101%)
- **Forgiveness date:** 11/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $573K
- **Jobs reported:** 24
## Lender
- **Originating:** German American Bank
- **Servicing:** German American Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*