# PPP loan: KOCH ELECTRIC INC.
> **$217K** approved 04/07/2020 · Paid in Full · Loan `6663017006`
## Borrower
- **Name:** KOCH ELECTRIC INC.
- **Address:** 26688 US HIGHWAY 61, SCOTT CITY, MO, 63780-9625
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $217K
- **Initial approval:** $217K
- **Forgiven:** $218K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $173K
- **Rent:** $22K
- **Utilities:** $22K
- **Jobs reported:** 19
## Lender
- **Originating:** Montgomery Bank
- **Servicing:** Montgomery Bank (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*