# PPP loan: K2 ELECTRIC NEWCO, LLC
> **$1.56M** approved 04/10/2020 · Paid in Full · Loan `2589377110`
## Borrower
- **Name:** K2 ELECTRIC NEWCO, LLC
- **Address:** 4038 East Superior Avenue, TEMPE, AZ, 85284
- **NAICS:** 238210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $1.56M
- **Initial approval:** $1.56M
- **Forgiven:** $1.58M (101%)
- **Forgiveness date:** 03/03/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.56M
- **Jobs reported:** 93
## Lender
- **Originating:** Zions Bank, A Division of
- **Servicing:** Zions Bank, A Division of (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*