# PPP loan: BEMRICH ELECTRIC AND TELEPHONE INC.
> **$606K** approved 01/21/2021 · Paid in Full · Loan `2650788307`
## Borrower
- **Name:** BEMRICH ELECTRIC AND TELEPHONE INC.
- **Address:** 110 S 21st St, Fort Dodge, IA, 50501-6712
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $606K
- **Initial approval:** $606K
- **Forgiven:** $608K (100%)
- **Forgiveness date:** 07/14/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $605K
- **Utilities:** $1
- **Jobs reported:** 24
## Lender
- **Originating:** Northwest Bank
- **Servicing:** Northwest Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*