# PPP loan: MASTER ELECTRIC CO INC
> **$2.28M** approved 04/11/2020 · Paid in Full · Loan `2911907102`
## Borrower
- **Name:** MASTER ELECTRIC CO INC
- **Address:** 8555 W 123RD ST, SAVAGE, MN, 55378-1150
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.28M
- **Initial approval:** $2.28M
- **Forgiven:** $2.30M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.28M
- **Jobs reported:** 106
## Lender
- **Originating:** Old National Bank
- **Servicing:** Old National Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*