# PPP loan: COTNER ELECTRIC CO., INC.
> **$175K** approved 04/09/2020 · Paid in Full · Loan `8935427004`
## Borrower
- **Name:** COTNER ELECTRIC CO., INC.
- **Address:** 2049 SOUTHERN EXPY, CAPE GIRARDEAU, MO, 63703-7650
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $175K
- **Initial approval:** $175K
- **Forgiven:** $176K (101%)
- **Forgiveness date:** 12/15/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $140K
- **Rent:** $18K
- **Utilities:** $18K
- **Jobs reported:** 15
## Lender
- **Originating:** Montgomery Bank
- **Servicing:** Montgomery Bank (MO)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*