# PPP loan: BRONSON ELECTRIC, INC.
> **$232K** approved 04/13/2020 · Paid in Full · Loan `4241557103`
## Borrower
- **Name:** BRONSON ELECTRIC, INC.
- **Address:** 20021 Edison Circle, CLEARWATER, MN, 55320-1653
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $232K
- **Initial approval:** $232K
- **Forgiven:** $234K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $212K
- **Rent:** $18K
- **Utilities:** $2K
- **Jobs reported:** 16
## Lender
- **Originating:** American Heritage National Bank
- **Servicing:** American Heritage National Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*