# PPP loan: SHAW ELECTRIC INC
> **$1.83M** approved 04/07/2020 · Paid in Full · Loan `7217347005`
## Borrower
- **Name:** SHAW ELECTRIC INC
- **Address:** 930 E RIVER DR, DAVENPORT, IA, 52803-5737
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.83M
- **Initial approval:** $1.83M
- **Forgiven:** $1.85M (101%)
- **Forgiveness date:** 05/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.83M
- **Jobs reported:** 123
## Lender
- **Originating:** CBI Bank & Trust
- **Servicing:** CBI Bank & Trust (IA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*