# PPP loan: BLAZEK ELECTRIC, INC.
> **$452K** approved 04/05/2020 · Paid in Full · Loan `5101677009`
## Borrower
- **Name:** BLAZEK ELECTRIC, INC.
- **Address:** 115 8TH ST, MASON CITY, IA, 50401-5117
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $452K
- **Initial approval:** $452K
- **Forgiven:** $455K (101%)
- **Forgiveness date:** 01/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $375K
- **Utilities:** $77K
- **Jobs reported:** 30
## Lender
- **Originating:** First Citizens Bank
- **Servicing:** First Citizens Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*