# PPP loan: GLOBAL ELECTRIC INC.
> **$1.44M** approved 01/20/2021 · Paid in Full · Loan `2464518303`
## Borrower
- **Name:** GLOBAL ELECTRIC INC.
- **Address:** 32480 NW Cottage St, North Plains, OR, 97133-7202
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.44M
- **Initial approval:** $1.44M
- **Forgiven:** $1.45M (101%)
- **Forgiveness date:** 12/16/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.44M
- **Utilities:** $1
- **Jobs reported:** 63
## Lender
- **Originating:** BMO Bank National Association
- **Servicing:** BMO Bank National Association (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*