# PPP loan: PLOOG ELECTRIC, INC.
> **$184K** approved 04/04/2020 · Paid in Full · Loan `4774837009`
## Borrower
- **Name:** PLOOG ELECTRIC, INC.
- **Address:** 61733 243RD ST, MADISON LAKE, MN, 56063-4455
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $184K
- **Initial approval:** $184K
- **Forgiven:** $185K (101%)
- **Forgiveness date:** 02/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $147K
- **Rent:** $10K
- **Utilities:** $10K
- **Health care:** $7K
- **Debt interest:** $10K
- **Jobs reported:** 18
## Lender
- **Originating:** ProGrowth Bank
- **Servicing:** ProGrowth Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*