# PPP loan: QUADE ELECTRIC INC.
> **$214K** approved 01/20/2021 · Paid in Full · Loan `2298058300`
## Borrower
- **Name:** QUADE ELECTRIC INC.
- **Address:** 1162 Highway 7 E, Hutchinson, MN, 55350-5637
- **NAICS:** 238210
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $214K
- **Initial approval:** $214K
- **Forgiven:** $215K (101%)
- **Forgiveness date:** 08/25/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $214K
- **Utilities:** $1
- **Jobs reported:** 13
## Lender
- **Originating:** Home State Bank
- **Servicing:** Home State Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*