# PPP loan: CENTRAL MINNESOTA ELECTRIC INC
> **$188K** approved 04/10/2020 · Paid in Full · Loan `2374567100`
## Borrower
- **Name:** CENTRAL MINNESOTA ELECTRIC INC
- **Address:** 1805 HAVEN RD, LITTLE FALLS, MN, 56345-2286
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $188K
- **Initial approval:** $188K
- **Forgiven:** $189K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $176K
- **Rent:** $8K
- **Health care:** $3K
- **Jobs reported:** 12
## Lender
- **Originating:** Randall State Bank
- **Servicing:** Randall State Bank (MN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*