# PPP loan: REMCO ELECTRICAL CORPORATION
> **$223K** approved 04/09/2020 · Paid in Full · Loan `9500737009`
## Borrower
- **Name:** REMCO ELECTRICAL CORPORATION
- **Address:** 903 Francis Dr, CHAMPAIGN, IL, 61820
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $223K
- **Initial approval:** $223K
- **Forgiven:** $225K (101%)
- **Forgiveness date:** 11/24/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $167K
- **Rent:** $56K
- **Jobs reported:** 16
## Lender
- **Originating:** Busey Bank
- **Servicing:** Busey Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*