# PPP loan: THE ELECTRICIAN INC
> **$490K** approved 02/24/2021 · Paid in Full · Loan `3589208509`
## Borrower
- **Name:** THE ELECTRICIAN INC
- **Address:** 515 Springdale St, Mount Horeb, WI, 53572-1749
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $490K
- **Initial approval:** $490K
- **Forgiven:** $492K (100%)
- **Forgiveness date:** 07/23/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $490K
- **Utilities:** $1
- **Jobs reported:** 43
## Lender
- **Originating:** Lake Ridge Bank
- **Servicing:** Lake Ridge Bank (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*