# PPP loan: LESTER ELECTRICAL ESOP
> **$1.58M** approved 04/03/2020 · Paid in Full · Loan `4521067005`
## Borrower
- **Name:** LESTER ELECTRICAL ESOP
- **Address:** 625 W. A ST, LINCOLN, NE, 68522-1706
- **NAICS:** 335912
- **Business type:** Employee Stock Ownership Plan(ESOP)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.58M
- **Initial approval:** $1.58M
- **Forgiven:** $1.59M (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.58M
- **Jobs reported:** 116
## Lender
- **Originating:** Five Points Bank
- **Servicing:** Five Points Bank (NE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*