# PPP loan: POTTER ELECTRIC SERVICE INC
> **$530K** approved 04/09/2020 · Paid in Full · Loan `9704367007`
## Borrower
- **Name:** POTTER ELECTRIC SERVICE INC
- **Address:** 1211 N Berkley Ave, URBANA, IL, 61801-1816
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $530K
- **Initial approval:** $530K
- **Forgiven:** $533K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $398K
- **Rent:** $133K
- **Jobs reported:** 33
## Lender
- **Originating:** Busey Bank
- **Servicing:** Busey Bank (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*