# PPP loan: WHITE LIGHTNING ELECTRIC, INC.
> **$221K** approved 04/29/2020 · Paid in Full · Loan `4075337307`
## Borrower
- **Name:** WHITE LIGHTNING ELECTRIC, INC.
- **Address:** 7522 SE 52nd Ave, PORTLAND, OR, 97206
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $221K
- **Initial approval:** $221K
- **Forgiven:** $222K (101%)
- **Forgiveness date:** 03/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $165K
- **Rent:** $11K
- **Utilities:** $44K
- **Jobs reported:** 17
## Lender
- **Originating:** Banner Bank
- **Servicing:** Banner Bank (WA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*