# PPP loan: TRAM ELECTRIC INC
> **$516K** approved 01/25/2021 · Paid in Full · Loan `5108278300`
## Borrower
- **Name:** TRAM ELECTRIC INC
- **Address:** 1556 EAST AIRPORT RD, PRICE, UT, 84501
- **NAICS:** 811310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $516K
- **Initial approval:** $516K
- **Forgiven:** $524K (101%)
- **Forgiveness date:** 06/30/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $516K
- **Utilities:** $1
- **Jobs reported:** 63
## Lender
- **Originating:** Cache Valley Bank
- **Servicing:** Cache Valley Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*