# PPP loan: P & T ELECTRIC INC
> **$453K** approved 04/10/2020 · Paid in Full · Loan `2191967110`
## Borrower
- **Name:** P & T ELECTRIC INC
- **Address:** 1122 S OAK ST, LA CRESCENT, MN, 55947-1560
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $453K
- **Initial approval:** $453K
- **Forgiven:** $456K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $442K
- **Rent:** $8K
- **Utilities:** $3K
- **Jobs reported:** 27
## Lender
- **Originating:** Merchants Bank, National Association
- **Servicing:** Merchants Bank, National Association (MN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*