# PPP loan: MAC ELECTRIC INC
> **$164K** approved 04/15/2020 · Paid in Full · Loan `9224717104`
## Borrower
- **Name:** MAC ELECTRIC INC
- **Address:** 229 WEST   1ST ST SUITE 200, O FALLON, IL, 62269-2052
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $164K
- **Initial approval:** $164K
- **Forgiven:** $166K (101%)
- **Forgiveness date:** 08/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $158K
- **Rent:** $3K
- **Utilities:** $3K
- **Jobs reported:** 6
## 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*