# PPP loan: FIRST CITY ELECTRIC, INC.
> **$265K** approved 04/09/2020 · Paid in Full · Loan `1022057102`
## Borrower
- **Name:** FIRST CITY ELECTRIC, INC.
- **Address:** 918 WATER ST, KETCHIKAN, AK, 99901-6145
- **NAICS:** 221122
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $265K
- **Initial approval:** $265K
- **Forgiven:** $267K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $265K
- **Jobs reported:** 13
## Lender
- **Originating:** First Bank
- **Servicing:** First Bank (AK)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*