# PPP loan: KORTE ELECTRIC, INC
> **$1.17M** approved 04/07/2020 · Paid in Full · Loan `7484877005`
## Borrower
- **Name:** KORTE ELECTRIC, INC
- **Address:** 10920 STELLHORN RD, NEW HAVEN, IN, 46774-9000
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.17M
- **Initial approval:** $1.17M
- **Forgiven:** $1.17M (101%)
- **Forgiveness date:** 11/12/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.17M
- **Jobs reported:** 95
## Lender
- **Originating:** First Merchants Bank
- **Servicing:** First Merchants Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*