# PPP loan: RIVER CITY ELECTRIC CO
> **$157K** approved 01/20/2021 · Paid in Full · Loan `1852758302`
## Borrower
- **Name:** RIVER CITY ELECTRIC CO
- **Address:** 1905 1st Ave, Mankato, MN, 56001-3075
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $157K
- **Initial approval:** $157K
- **Forgiven:** $159K (101%)
- **Forgiveness date:** 01/28/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $157K
- **Utilities:** $1
- **Jobs reported:** 7
## Lender
- **Originating:** West Bank
- **Servicing:** West Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*