# PPP loan: INDIAN HILL ELECTRIC INC.
> **$222K** approved 02/23/2021 · Paid in Full · Loan `3114228500`
## Borrower
- **Name:** INDIAN HILL ELECTRIC INC.
- **Address:** 4502 139th Ave NW, Alexander, ND, 58831-8710
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $222K
- **Initial approval:** $222K
- **Forgiven:** $212K (95%)
- **Forgiveness date:** 09/08/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $222K
- **Jobs reported:** 5
## Lender
- **Originating:** American State Bank & Trust Company of Williston
- **Servicing:** American State Bank & Trust Company of Williston (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*