# PPP loan: MOTT ELECTRIC LLC
> **$238K** approved 04/07/2020 · Paid in Full · Loan `7229787005`
## Borrower
- **Name:** MOTT ELECTRIC LLC
- **Address:** 632 S 3rd Street, PADUCAH, KY, 42002-1600
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $238K
- **Initial approval:** $238K
- **Forgiven:** $240K (101%)
- **Forgiveness date:** 02/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $179K
- **Rent:** $30K
- **Utilities:** $30K
- **Jobs reported:** 28
## Lender
- **Originating:** FNB Bank, Inc.
- **Servicing:** FNB Bank, Inc. (KY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*