# PPP loan: WAGNER ELECTRIC COMPANY
> **$348K** approved 04/27/2020 · Paid in Full · Loan `4816697210`
## Borrower
- **Name:** WAGNER ELECTRIC COMPANY
- **Address:** 50247 COUNTY ROAD 57, AULT, CO, 80610-9211
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $348K
- **Initial approval:** $348K
- **Forgiven:** $350K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $300K
- **Rent:** $47K
- **Utilities:** $725
- **Jobs reported:** 30
## Lender
- **Originating:** Bank of Colorado
- **Servicing:** Bank of Colorado (CO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*