# PPP loan: NEI ELECTRIC INC
> **$3.42M** approved 04/03/2020 · Paid in Full · Loan `4371847007`
## Borrower
- **Name:** NEI ELECTRIC INC
- **Address:** 4815 WHITE BEAR PKWY, SAINT PAUL, MN, 55110-3325
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.42M
- **Initial approval:** $3.42M
- **Forgiven:** $3.47M (101%)
- **Forgiveness date:** 08/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.42M
- **Jobs reported:** 137
## Lender
- **Originating:** Frandsen Bank & Trust
- **Servicing:** Frandsen Bank & Trust (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*