# PPP loan: NW ELECTRIC, INC.
> **$282K** approved 04/03/2020 · Paid in Full · Loan `4488187003`
## Borrower
- **Name:** NW ELECTRIC, INC.
- **Address:** 23 6th Ave, KOTZEBUE, AK, 99752-0041
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $282K
- **Initial approval:** $281K
- **Forgiven:** $286K (101%)
- **Forgiveness date:** 07/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $282K
- **Jobs reported:** 34
## Lender
- **Originating:** Northrim Bank
- **Servicing:** Northrim Bank (AK)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*