# PPP loan: DAKOTA ELECTRIC CONSTRUCTION CO, INC
> **$397K** approved 04/15/2020 · Paid in Full · Loan `1576877201`
## Borrower
- **Name:** DAKOTA ELECTRIC CONSTRUCTION CO, INC
- **Address:** 1550 1ST AVE NORTH, FARGO, ND, 58102-4275
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $397K
- **Initial approval:** $397K
- **Forgiven:** $400K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $397K
- **Jobs reported:** 24
## Lender
- **Originating:** U.S. Bank, National Association
- **Servicing:** U.S. Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*