# PPP loan: MOHRFELD ELECTRIC INC.
> **$614K** approved 02/06/2021 · Paid in Full · Loan `4120788407`
## Borrower
- **Name:** MOHRFELD ELECTRIC INC.
- **Address:** 1124 Avenue H, Fort Madison, IA, 52627-4542
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $614K
- **Initial approval:** $614K
- **Forgiven:** $617K (101%)
- **Forgiveness date:** 08/27/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $614K
- **Jobs reported:** 37
## Lender
- **Originating:** Connection Bank
- **Servicing:** Connection Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*