# PPP loan: ELECTRIC SCIENTIFIC COMPANY
> **$371K** approved 04/04/2020 · Paid in Full · Loan `4732167000`
## Borrower
- **Name:** ELECTRIC SCIENTIFIC COMPANY
- **Address:** 7505 HIGHWAY 7, MINNEAPOLIS, MN, 55426-4000
- **NAICS:** 561621
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $371K
- **Initial approval:** $371K
- **Forgiven:** $375K (101%)
- **Forgiveness date:** 05/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $353K
- **Rent:** $18K
- **Jobs reported:** 27
## Lender
- **Originating:** Security Bank and Trust Company
- **Servicing:** Security Bank & Trust Company (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*