# PPP loan: K2 ELECTRIC LLC
> **$1.40M** approved 02/08/2021 · Paid in Full · Loan `5301258405`
## Borrower
- **Name:** K2 ELECTRIC LLC
- **Address:** 4038 E Superior Ave, Phoenix, AZ, 85040-1707
- **NAICS:** 238210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.40M
- **Initial approval:** $1.40M
- **Forgiven:** $1.40M (101%)
- **Forgiveness date:** 08/24/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.40M
- **Jobs reported:** 137
## Lender
- **Originating:** Zions Bank, A Division of
- **Servicing:** Zions Bank, A Division of (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*