# PPP loan: ELECTRICAL CONCEPTS, LLC
> **$169K** approved 04/04/2020 · Paid in Full · Loan `4889287010`
## Borrower
- **Name:** ELECTRICAL CONCEPTS, LLC
- **Address:** 5325 18TH AVE, CEDAR RAPIDS, IA, 52404-1202
- **NAICS:** 238210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $169K
- **Initial approval:** $169K
- **Forgiven:** $169K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $128K
- **Rent:** $20K
- **Health care:** $10K
- **Debt interest:** $10K
- **Jobs reported:** 17
## Lender
- **Originating:** Ohnward Bank & Trust
- **Servicing:** Ohnward Bank & Trust (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*