# PPP loan: OSTLUND ELECTRIC, INC.
> **$174K** approved 06/23/2020 · Paid in Full · Loan `1718878008`
## Borrower
- **Name:** OSTLUND ELECTRIC, INC.
- **Address:** 1006 A ST SE, AUBURN, WA, 98002-6035
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $174K
- **Initial approval:** $174K
- **Forgiven:** $176K (101%)
- **Forgiveness date:** 07/02/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $174K
- **Jobs reported:** 8
## Lender
- **Originating:** Umpqua Bank
- **Servicing:** Umpqua Bank (OR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*