# PPP loan: RED'S ELECTRIC CO., INC.
> **$407K** approved 04/10/2020 · Paid in Full · Loan `2425867108`
## Borrower
- **Name:** RED'S ELECTRIC CO., INC.
- **Address:** 3787 SE NAEF RD SUITE 3, PORTLAND, OR, 97267-5614
- **NAICS:** 221118
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $407K
- **Initial approval:** $407K
- **Forgiven:** $410K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $407K
- **Jobs reported:** 20
## Lender
- **Originating:** Umpqua Bank
- **Servicing:** Umpqua Bank (OR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*