# PPP loan: UNITED ELECTRICAL CONTRACTORS, INC.
> **$2.04M** approved 04/08/2020 · Paid in Full · Loan `7877237002`
## Borrower
- **Name:** UNITED ELECTRICAL CONTRACTORS, INC.
- **Address:** 1314 N Larch Street, LANSING, MI, 48906-4422
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.04M
- **Initial approval:** $2.04M
- **Forgiven:** $2.06M (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.91M
- **Rent:** $33K
- **Utilities:** $10K
- **Health care:** $84K
- **Debt interest:** $1K
- **Jobs reported:** 168
## Lender
- **Originating:** Mercantile Bank
- **Servicing:** Mercantile Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*