# PPP loan: ELECTROTEK CORPORATION
> **$1.19M** approved 01/17/2021 · Paid in Full · Loan `1498388305`
## Borrower
- **Name:** ELECTROTEK CORPORATION
- **Address:** 7745 S 10th St, Oak Creek, WI, 53154-1913
- **NAICS:** 334412
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.19M
- **Initial approval:** $1.19M
- **Forgiven:** $1.20M (101%)
- **Forgiveness date:** 09/21/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.19M
- **Utilities:** $1
- **Jobs reported:** 80
## Lender
- **Originating:** Texas Champion Bank
- **Servicing:** Texas Champion Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*