# PPP loan: SPARTA ELECTRIC INC
> **$162K** approved 04/14/2020 · Paid in Full · Loan `7537377100`
## Borrower
- **Name:** SPARTA ELECTRIC INC
- **Address:** 2440 Baty Rd, ELIDA, OH, 45807
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $162K
- **Initial approval:** $162K
- **Forgiven:** $163K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $130K
- **Rent:** $4K
- **Utilities:** $28K
- **Jobs reported:** 10
## Lender
- **Originating:** The Citizens National Bank of Bluffton
- **Servicing:** The Citizens National Bank of Bluffton (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*