# PPP loan: MAURER ELECTRIC, INC.
> **$513K** approved 04/07/2020 · Paid in Full · Loan `6693547002`
## Borrower
- **Name:** MAURER ELECTRIC, INC.
- **Address:** 28 WESTLAND DR, BAD AXE, MI, 48413-7741
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $513K
- **Initial approval:** $513K
- **Forgiven:** $352K (69%)
- **Forgiveness date:** 11/04/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $513K
- **Jobs reported:** 41
## Lender
- **Originating:** Eastern Michigan Bank
- **Servicing:** Eastern Michigan Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*