# PPP loan: ROMAINE ELECTRIC CORPORATION
> **$1.01M** approved 04/11/2020 · Paid in Full · Loan `3113917105`
## Borrower
- **Name:** ROMAINE ELECTRIC CORPORATION
- **Address:** 8811 S. 208th St, KENT, WA, 98031-1203
- **NAICS:** 441310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.01M
- **Initial approval:** $1.01M
- **Forgiven:** $1.01M (101%)
- **Forgiveness date:** 12/30/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $906K
- **Mortgage interest:** $50K
- **Utilities:** $50K
- **Jobs reported:** 112
## Lender
- **Originating:** Banner Bank
- **Servicing:** Banner Bank (WA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*