# PPP loan: ELECTRICAL POWER SOLUTIONS INC
> **$234K** approved 02/03/2021 · Paid in Full · Loan `2409528401`
## Borrower
- **Name:** ELECTRICAL POWER SOLUTIONS INC
- **Address:** 7658 Design Rd Ste 100, Baxter, MN, 56425-8789
- **NAICS:** 541330
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $234K
- **Initial approval:** $234K
- **Forgiven:** $236K (101%)
- **Forgiveness date:** 12/08/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $234K
- **Jobs reported:** 22
## Lender
- **Originating:** Scale Bank
- **Servicing:** Scale Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*