# PPP loan: MUTUAL ELECTRIC CO
> **$248K** approved 02/17/2021 · Paid in Full · Loan `9566778401`
## Borrower
- **Name:** MUTUAL ELECTRIC CO
- **Address:** 1260 Rickett Rd, Brighton, MI, 48116-1833
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $248K
- **Initial approval:** $248K
- **Forgiven:** $253K (102%)
- **Forgiveness date:** 05/08/2023
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $248K
- **Utilities:** $1
- **Jobs reported:** 13
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*