# PPP loan: PORTER ELECTRIC INC
> **$239K** approved 04/15/2020 · Paid in Full · Loan `1324227209`
## Borrower
- **Name:** PORTER ELECTRIC INC
- **Address:** 7320 NE ST JOHNS RD, VANCOUVER, WA, 98665-0618
- **NAICS:** 221118
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $239K
- **Initial approval:** $239K
- **Forgiven:** $241K (101%)
- **Forgiveness date:** 04/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $239K
- **Jobs reported:** 13
## Lender
- **Originating:** Umpqua Bank
- **Servicing:** Umpqua Bank (OR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*