# PPP loan: LAYNE ELECTRIC CO INC
> **$188K** approved 01/29/2021 · Paid in Full · Loan `8173728304`
## Borrower
- **Name:** LAYNE ELECTRIC CO INC
- **Address:** 1104 Byers Ave, Joplin, MO, 64801-4312
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $188K
- **Initial approval:** $188K
- **Forgiven:** $189K (101%)
- **Forgiveness date:** 08/10/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $188K
- **Jobs reported:** 11
## Lender
- **Originating:** Southwest Missouri Bank
- **Servicing:** Southwest Missouri Bank (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*