# PPP loan: HEDLUND ELECTRIC, INC.
> **$839K** approved 04/03/2020 · Paid in Full · Loan `4447707008`
## Borrower
- **Name:** HEDLUND ELECTRIC, INC.
- **Address:** 1201 S. Main St. P.O. Box 528, MCPHERSON, KS, 67460-5739
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $839K
- **Initial approval:** $839K
- **Forgiven:** $844K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $630K
- **Utilities:** $210K
- **Jobs reported:** 50
## Lender
- **Originating:** The Citizens State Bank
- **Servicing:** The Citizens State Bank (KS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*