# PPP loan: LOCY ELECTRIC LLC
> **$220K** approved 04/07/2020 · Paid in Full · Loan `6801477003`
## Borrower
- **Name:** LOCY ELECTRIC LLC
- **Address:** 1700 W NORTHLAND AVE, APPLETON, WI, 54914-1343
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $220K
- **Initial approval:** $220K
- **Forgiven:** $221K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $176K
- **Mortgage interest:** $22K
- **Utilities:** $22K
- **Jobs reported:** 12
## Lender
- **Originating:** Nicolet National Bank
- **Servicing:** Nicolet National Bank (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*