# PPP loan: BESSLER BROTHERS ELECTRIC, LLC
> **$575K** approved 04/04/2020 · Paid in Full · Loan `4696437000`
## Borrower
- **Name:** BESSLER BROTHERS ELECTRIC, LLC
- **Address:** 3481 LAUREL DR, BEMIDJI, MN, 56601-5605
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $575K
- **Initial approval:** $575K
- **Forgiven:** $578K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $544K
- **Mortgage interest:** $10K
- **Utilities:** $7K
- **Jobs reported:** 38
## Lender
- **Originating:** Security Bank USA
- **Servicing:** Security Bank USA (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*