# PPP loan: BLK ELECTRIC INC
> **$932K** approved 01/16/2021 · Paid in Full · Loan `1296498305`
## Borrower
- **Name:** BLK ELECTRIC INC
- **Address:** 1990 Lookout Dr, North Mankato, MN, 56003-1705
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $932K
- **Initial approval:** $932K
- **Forgiven:** $938K (101%)
- **Forgiveness date:** 10/06/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $932K
- **Jobs reported:** 44
## Lender
- **Originating:** United Prairie Bank
- **Servicing:** United Prairie Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*