# PPP loan: KEMP ELECTRIC INC
> **$227K** approved 04/14/2020 · Paid in Full · Loan `7679687105`
## Borrower
- **Name:** KEMP ELECTRIC INC
- **Address:** 352 S Main St, NAPPANEE, IN, 46550
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $227K
- **Initial approval:** $227K
- **Forgiven:** $229K (101%)
- **Forgiveness date:** 11/20/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $227K
- **Jobs reported:** 17
## Lender
- **Originating:** 1st Source Bank
- **Servicing:** 1st Source Bank (IN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*