# PPP loan: BETSCHART ELECTRIC, INC.
> **$597K** approved 04/13/2020 · Paid in Full · Loan `4833937103`
## Borrower
- **Name:** BETSCHART ELECTRIC, INC.
- **Address:** 500 CHERRY  SE, OLYMPIA, WA, 98501-1464
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $597K
- **Initial approval:** $597K
- **Forgiven:** $600K (101%)
- **Forgiveness date:** 12/09/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $597K
- **Jobs reported:** 57
## Lender
- **Originating:** Heritage Bank
- **Servicing:** Heritage Bank (WA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*