# PPP loan: PHASE ELECTRIC, INCORPORATED
> **$1.19M** approved 04/04/2020 · Paid in Full · Loan `4724967004`
## Borrower
- **Name:** PHASE ELECTRIC, INCORPORATED
- **Address:** 9401 JAMES AVE S STE 150, Bloomington, MN, 55431-2500
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.19M
- **Initial approval:** $1.24M
- **Forgiven:** $1.20M (101%)
- **Forgiveness date:** 03/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.19M
- **Jobs reported:** 108
## Lender
- **Originating:** Choice Financial Group
- **Servicing:** Choice Financial Group (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*