# PPP loan: CRAFT ELECTRIC INC
> **$1.12M** approved 04/03/2020 · Paid in Full · Loan `4348657000`
## Borrower
- **Name:** CRAFT ELECTRIC INC
- **Address:** 2808 S MAIN ST, MINOT, ND, 58701-7315
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.12M
- **Initial approval:** $1.12M
- **Forgiven:** $1.13M (101%)
- **Forgiveness date:** 06/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $838K
- **Rent:** $279K
- **Jobs reported:** 33
## Lender
- **Originating:** Bravera Bank
- **Servicing:** Bravera Bank (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*