# PPP loan: BECKSTEAD ELECTRIC, INC.
> **$553K** approved 04/10/2020 · Paid in Full · Loan `2478387110`
## Borrower
- **Name:** BECKSTEAD ELECTRIC, INC.
- **Address:** 92 9th Street, Wenatchee, WA, 98801
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $553K
- **Initial approval:** $553K
- **Forgiven:** $557K (101%)
- **Forgiveness date:** 01/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $526K
- **Rent:** $27K
- **Jobs reported:** 37
## Lender
- **Originating:** Cashmere Valley Bank
- **Servicing:** Cashmere Valley Bank (WA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*