# PPP loan: GERSTNER ELECTRIC, INC.
> **$1.48M** approved 04/09/2020 · Paid in Full · Loan `8874347010`
## Borrower
- **Name:** GERSTNER ELECTRIC, INC.
- **Address:** 2400 Cassens Drive, FENTON, MO, 63026-2539
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $1.48M
- **Initial approval:** $1.48M
- **Forgiven:** $1.49M (101%)
- **Forgiveness date:** 05/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.11M
- **Rent:** $369K
- **Jobs reported:** 93
## Lender
- **Originating:** Carrollton Bank
- **Servicing:** Carrollton Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*