# PPP loan: CLAYCO ELECTRIC CO
> **$546K** approved 04/07/2020 · Paid in Full · Loan `7203537002`
## Borrower
- **Name:** CLAYCO ELECTRIC CO
- **Address:** 319 E 11th Avenue, KANSAS CITY, MO, 64116-4101
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $546K
- **Initial approval:** $546K
- **Forgiven:** $552K (101%)
- **Forgiveness date:** 06/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $532K
- **Rent:** $10K
- **Utilities:** $4K
- **Jobs reported:** 39
## 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*