# PPP loan: MCALLISTER ELECTRICAL SERVICES  INC.
> **$506K** approved 03/12/2021 · Exemption 4 · Loan `9989508501`
## Borrower
- **Name:** MCALLISTER ELECTRICAL SERVICES  INC.
- **Address:** 65 Aeries Ave, Cascade, IA, 52033-7704
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $506K
- **Initial approval:** $506K
- **Forgiven:** $321K (63%)
- **Forgiveness date:** 01/31/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $506K
- **Utilities:** $1
- **Jobs reported:** 25
## Lender
- **Originating:** Premier Bank
- **Servicing:** Premier Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*