# PPP loan: PIERCE ELECTRIC CO. INC.
> **$243K** approved 04/15/2020 · Paid in Full · Loan `9078217108`
## Borrower
- **Name:** PIERCE ELECTRIC CO. INC.
- **Address:** 29343 COUNTY ROAD 28, ELKHART, IN, 46517-8779
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $243K
- **Initial approval:** $243K
- **Forgiven:** $245K (101%)
- **Forgiveness date:** 12/21/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $243K
- **Jobs reported:** 23
## Lender
- **Originating:** Lake City Bank
- **Servicing:** Lake City Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*