# PPP loan: DAVIS ELECTRIC, INC.
> **$865K** approved 04/08/2020 · Paid in Full · Loan `8771157009`
## Borrower
- **Name:** DAVIS ELECTRIC, INC.
- **Address:** 600 W Avenue A, Cimarron, KS, 67835
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $865K
- **Initial approval:** $865K
- **Forgiven:** $870K (101%)
- **Forgiveness date:** 12/14/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $650K
- **Rent:** $50K
- **Mortgage interest:** $50K
- **Utilities:** $115K
- **Jobs reported:** 59
## Lender
- **Originating:** First National Bank in Cimarron
- **Servicing:** First National Bank in Cimarron (KS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*