# PPP loan: ESCO ELECTRIC COMPANY
> **$6.77M** approved 04/08/2020 · Paid in Full · Loan `8357987005`
## Borrower
- **Name:** ESCO ELECTRIC COMPANY
- **Address:** 3450 3RD ST, MARION, IA, 52302-3931
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $6.77M
- **Initial approval:** $6.77M
- **Forgiven:** $6.84M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $6.77M
- **Jobs reported:** 303
## Lender
- **Originating:** Bankers Trust Company
- **Servicing:** Bankers Trust Company (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*