# PPP loan: NYSTROM ELECTRIC COMPANY, INC.
> **$475K** approved 04/04/2020 · Paid in Full · Loan `5005547005`
## Borrower
- **Name:** NYSTROM ELECTRIC COMPANY, INC.
- **Address:** 1504 W 3RD ST, SIOUX CITY, IA, 51103-4210
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $475K
- **Initial approval:** $475K
- **Forgiven:** $478K (101%)
- **Forgiveness date:** 11/24/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $475K
- **Jobs reported:** 35
## Lender
- **Originating:** The Security National Bank of Sioux City, Iowa
- **Servicing:** The Security National Bank of Sioux City, Iowa (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*