# PPP loan: LANYK ELECTRIC INC.
> **$163K** approved 01/20/2021 · Paid in Full · Loan `1892238304`
## Borrower
- **Name:** LANYK ELECTRIC INC.
- **Address:** 5555 Enterprise Dr NE, Virginia, MN, 55792-3614
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $163K
- **Initial approval:** $88K
- **Forgiven:** $164K (101%)
- **Forgiveness date:** 12/14/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $163K
- **Jobs reported:** 7
## Lender
- **Originating:** B2 Bank National Association
- **Servicing:** B2 Bank National Association (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*