# PPP loan: BERTRAM ELECTRIC, INC.
> **$159K** approved 04/27/2020 · Paid in Full · Loan `3935507208`
## Borrower
- **Name:** BERTRAM ELECTRIC, INC.
- **Address:** 22528 182ND AVE, COLD SPRING, MN, 56320
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $159K
- **Initial approval:** $159K
- **Forgiven:** $160K (101%)
- **Forgiveness date:** 12/22/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $136K
- **Rent:** $7K
- **Utilities:** $684
- **Health care:** $15K
- **Jobs reported:** 11
## Lender
- **Originating:** Stearns Bank National Association
- **Servicing:** Stearns Bank National Association (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*