# PPP loan: VAN MAANEN ELECTRIC, INC.
> **$1.97M** approved 04/03/2020 · Paid in Full · Loan `4555177001`
## Borrower
- **Name:** VAN MAANEN ELECTRIC, INC.
- **Address:** 500 Iowa Speedway Drive, NEWTON, IA, 50208-9400
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.97M
- **Initial approval:** $1.97M
- **Forgiven:** $1.99M (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.97M
- **Jobs reported:** 146
## Lender
- **Originating:** FNNB Bank
- **Servicing:** FNNB Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*