# PPP loan: JAKES ELECTRIC, LLC
> **$1.20M** approved 04/08/2020 · Paid in Full · Loan `7736337004`
## Borrower
- **Name:** JAKES ELECTRIC, LLC
- **Address:** 215 FRONT ST, CLINTON, WI, 53525-9709
- **NAICS:** 238210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.20M
- **Initial approval:** $1.20M
- **Forgiven:** $1.21M (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $900K
- **Rent:** $150K
- **Utilities:** $150K
- **Jobs reported:** 64
## Lender
- **Originating:** Johnson Bank
- **Servicing:** Johnson Bank (WI)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*