# PPP loan: ESPER ELECTRIC LTD
> **$763K** approved 03/26/2021 · Paid in Full · Loan `9411188603`
## Borrower
- **Name:** ESPER ELECTRIC LTD
- **Address:** 7775 N 6th St, Kalamazoo, MI, 49009-8807
- **NAICS:** 238210
- **Business type:** Limited Liability Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $763K
- **Initial approval:** $763K
- **Forgiven:** $768K (101%)
- **Forgiveness date:** 11/17/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $763K
- **Utilities:** $1
- **Jobs reported:** 58
## Lender
- **Originating:** First National Bank of Michigan
- **Servicing:** First National Bank of Michigan (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*