# PPP loan: ELECTRIC SUPPLY OF MARSHALLTOWN INC
> **$150K** approved 05/01/2020 · Paid in Full · Loan `4362747707`
## Borrower
- **Name:** ELECTRIC SUPPLY OF MARSHALLTOWN INC
- **Address:** 1008 S 12TH AVENUE, MARSHALLTOWN, IA, 50158
- **NAICS:** 423840
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $150K
- **Initial approval:** $150K
- **Forgiven:** $101K (67%)
- **Forgiveness date:** 04/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $150K
- **Jobs reported:** 9
## Lender
- **Originating:** Wells Fargo Bank, National Association
- **Servicing:** Wells Fargo Bank, National Association (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*