# PPP loan: KAISER ELETRIC INC
> **$2.75M** approved 04/09/2020 · Paid in Full · Loan `8864407000`
## Borrower
- **Name:** KAISER ELETRIC INC
- **Address:** 1552 FENCORP DR, FENTON, MO, 63026-2942
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.75M
- **Initial approval:** $2.75M
- **Forgiven:** $2.78M (101%)
- **Forgiveness date:** 06/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.70M
- **Rent:** $38K
- **Utilities:** $14K
- **Jobs reported:** 133
## Lender
- **Originating:** Commerce Bank
- **Servicing:** Commerce Bank (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*