# PPP loan: J.T. ELECTRIC SERVICE, INC.
> **$518K** approved 07/30/2020 · Paid in Full · Loan `1395698203`
## Borrower
- **Name:** J.T. ELECTRIC SERVICE, INC.
- **Address:** 111 Cty Rd 10, Albany, MN, 56307
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $518K
- **Initial approval:** $518K
- **Forgiven:** $521K (101%)
- **Forgiveness date:** 04/22/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $518K
- **Jobs reported:** 32
## Lender
- **Originating:** Magnifi Financial CU
- **Servicing:** Magnifi Financial CU (MN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*