# PPP loan: UNITED STATES ELECTRIC CORP OF WA
> **$380K** approved 02/02/2021 · Paid in Full · Loan `1610798409`
## Borrower
- **Name:** UNITED STATES ELECTRIC CORP OF WA
- **Address:** 1802 Miller Ave NE, Olympia, WA, 98506-3446
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $380K
- **Initial approval:** $380K
- **Forgiven:** $383K (101%)
- **Forgiveness date:** 12/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $380K
- **Jobs reported:** 14
## Lender
- **Originating:** Timberland Bank
- **Servicing:** Timberland Bank (WA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*