# PPP loan: BERGSTROM ELECTRIC INC.
> **$1.73M** approved 02/05/2021 · Paid in Full · Loan `3926848406`
## Borrower
- **Name:** BERGSTROM ELECTRIC INC.
- **Address:** 3100 N Washington St, Grand Forks, ND, 58203-1224
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.73M
- **Initial approval:** $1.73M
- **Forgiven:** $1.74M (100%)
- **Forgiveness date:** 07/21/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.73M
- **Jobs reported:** 115
## Lender
- **Originating:** Alerus Financial, National Association
- **Servicing:** Alerus Financial, National Association (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*