# PPP loan: HUBBARD ELECTRIC INC.
> **$277K** approved 04/03/2020 · Paid in Full · Loan `4436807008`
## Borrower
- **Name:** HUBBARD ELECTRIC INC.
- **Address:** 14166 Bank St., BECKER, MN, 55308-8811
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $277K
- **Initial approval:** $277K
- **Forgiven:** $279K (101%)
- **Forgiveness date:** 02/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $277K
- **Jobs reported:** 20
## Lender
- **Originating:** Sherburne State Bank
- **Servicing:** Sherburne State Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*