# PPP loan: FOSTER ELECTRIC CORPORATION
> **$763K** approved 01/21/2021 · Paid in Full · Loan `2630848304`
## Borrower
- **Name:** FOSTER ELECTRIC CORPORATION
- **Address:** 1220 Valley St, Colorado Springs, CO, 80915-2806
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $763K
- **Initial approval:** $763K
- **Forgiven:** $767K (100%)
- **Forgiveness date:** 07/20/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $763K
- **Jobs reported:** 69
## Lender
- **Originating:** CrossFirst Bank
- **Servicing:** CrossFirst Bank (KS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*