# PPP loan: HAARMEYER ELECTRIC, INC.
> **$1.07M** approved 04/15/2020 · Paid in Full · Loan `1602507200`
## Borrower
- **Name:** HAARMEYER ELECTRIC, INC.
- **Address:** 310 E AVENUE D, LOVINGTON, NM, 88260-4400
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.07M
- **Initial approval:** $1.07M
- **Forgiven:** $1.07M (101%)
- **Forgiveness date:** 02/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $900K
- **Health care:** $166K
- **Jobs reported:** 55
## Lender
- **Originating:** Western Commerce Bank
- **Servicing:** Western Commerce Bank (NM)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*