# PPP loan: WARD ELECTRIC COMPANY, INC.
> **$7.42M** approved 04/10/2020 · Paid in Full · Loan `2547467104`
## Borrower
- **Name:** WARD ELECTRIC COMPANY, INC.
- **Address:** 9586 E I 25 FRONTAGE RD STE B, LONGMONT, CO, 80504
- **NAICS:** 237130
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $7.42M
- **Initial approval:** $7.42M
- **Forgiven:** $7.50M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $7.42M
- **Jobs reported:** 315
## Lender
- **Originating:** HTLF Bank
- **Servicing:** HTLF Bank (CO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*