# PPP loan: MIKE'S ELECTRIC INC.
> **$938K** approved 01/20/2021 · Paid in Full · Loan `2226628306`
## Borrower
- **Name:** MIKE'S ELECTRIC INC.
- **Address:** 1571 Vt Route 100, Westfield, VT, 05874-4401
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $938K
- **Initial approval:** $938K
- **Forgiven:** $946K (101%)
- **Forgiveness date:** 11/10/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $938K
- **Utilities:** $1
- **Jobs reported:** 70
## Lender
- **Originating:** Passumpsic Savings Bank
- **Servicing:** Passumpsic Savings Bank (VT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*