# PPP loan: RICKARD ELECTRIC INC
> **$640K** approved 04/13/2020 · Paid in Full · Loan `4599107102`
## Borrower
- **Name:** RICKARD ELECTRIC INC
- **Address:** 1220 41st St N, FARGO, ND, 58102-2819
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $640K
- **Initial approval:** $640K
- **Forgiven:** $647K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Rent:** $80K
- **Mortgage interest:** $480K
- **Utilities:** $80K
- **Jobs reported:** 24
## Lender
- **Originating:** Alerus Financial, National Association
- **Servicing:** Alerus Financial, National Association (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*