# PPP loan: WILLMAR ELECTRIC SERVICE CORP
> **$1.75M** approved 04/04/2020 · Paid in Full · Loan `5048607010`
## Borrower
- **Name:** WILLMAR ELECTRIC SERVICE CORP
- **Address:** 2405 TROTT AVE SW, WILLMAR, MN, 56201-2726
- **NAICS:** 531120
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.75M
- **Initial approval:** $1.75M
- **Forgiven:** $1.76M (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.75M
- **Jobs reported:** 140
## Lender
- **Originating:** Heritage Bank, National Association
- **Servicing:** Heritage Bank, National Association (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*