# PPP loan: SHORT CIRCUIT ELECTRONICS INC
> **$445K** approved 04/07/2020 · Paid in Full · Loan `7024507009`
## Borrower
- **Name:** SHORT CIRCUIT ELECTRONICS INC
- **Address:** 4201 NE PORT DRIVE, LEES SUMMIT, MO, 64064-1773
- **NAICS:** 611519
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $445K
- **Initial approval:** $445K
- **Forgiven:** $448K (101%)
- **Forgiveness date:** 12/15/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $380K
- **Rent:** $55K
- **Utilities:** $10K
- **Jobs reported:** 37
## Lender
- **Originating:** Commerce Bank
- **Servicing:** Commerce Bank (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*