# PPP loan: LASSITER ELECTRIC INC.
> **$394K** approved 04/03/2020 · Paid in Full · Loan `4527597001`
## Borrower
- **Name:** LASSITER ELECTRIC INC.
- **Address:** 204 PARK AVE, UNIT 1I, BASALT, CO, 81621-9349
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $394K
- **Initial approval:** $394K
- **Forgiven:** $397K (101%)
- **Forgiveness date:** 02/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $394K
- **Jobs reported:** 42
## Lender
- **Originating:** Timberline Bank
- **Servicing:** Timberline Bank (CO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*