# PPP loan: DELTA ELECTRIC INC
> **$224K** approved 04/08/2020 · Paid in Full · Loan `8446117004`
## Borrower
- **Name:** DELTA ELECTRIC INC
- **Address:** 2319 EATON LN, RACINE, WI, 53404-1725
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $224K
- **Initial approval:** $224K
- **Forgiven:** $227K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $168K
- **Mortgage interest:** $28K
- **Utilities:** $28K
- **Jobs reported:** 8
## Lender
- **Originating:** Johnson Bank
- **Servicing:** Johnson Bank (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*