# PPP loan: BETTER ELECTRIC INC
> **$171K** approved 02/04/2021 · Paid in Full · Loan `3157538401`
## Borrower
- **Name:** BETTER ELECTRIC INC
- **Address:** 155 Cucarola Rd Ste B, Sterling, CO, 80751-8496
- **NAICS:** 238210
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $171K
- **Initial approval:** $171K
- **Forgiven:** $172K (101%)
- **Forgiveness date:** 09/22/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $171K
- **Utilities:** $1
- **Jobs reported:** 13
## Lender
- **Originating:** Bank of Colorado
- **Servicing:** Bank of Colorado (CO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*