# PPP loan: ALCAN ELEC. & ENGINEERING INC.
> **$3.15M** approved 04/04/2020 · Paid in Full · Loan `4966677003`
## Borrower
- **Name:** ALCAN ELEC. & ENGINEERING INC.
- **Address:** 6670 Arctic Spur Rd., ANCHORAGE, AK, 99518-1548
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.15M
- **Initial approval:** $3.15M
- **Forgiven:** $3.18M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.15M
- **Jobs reported:** 92
## Lender
- **Originating:** Northrim Bank
- **Servicing:** Northrim Bank (AK)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*