# PPP loan: ELECTRO INDUSTRIES, INC.
> **$480K** approved 04/04/2020 · Paid in Full · Loan `4653687005`
## Borrower
- **Name:** ELECTRO INDUSTRIES, INC.
- **Address:** 2150 W. River St., MONTICELLO, MN, 55362-4700
- **NAICS:** 335311
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $480K
- **Initial approval:** $480K
- **Forgiven:** $484K (101%)
- **Forgiveness date:** 02/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $480K
- **Jobs reported:** 34
## Lender
- **Originating:** Sherburne State Bank
- **Servicing:** Sherburne State Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*