# PPP loan: GUNNAR ELECTRIC INC.
> **$925K** approved 04/09/2021 · Paid in Full · Loan `1018848804`
## Borrower
- **Name:** GUNNAR ELECTRIC INC.
- **Address:** 14850 Martin Dr, Eden Prairie, MN, 55344-2012
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $925K
- **Initial approval:** $925K
- **Forgiven:** $934K (101%)
- **Forgiveness date:** 04/12/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $925K
- **Utilities:** $1
- **Jobs reported:** 26
## Lender
- **Originating:** First Minnetonka City Bank
- **Servicing:** First Minnetonka City Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*