# PPP loan: LINAHON ELECTRIC INC.
> **$197K** approved 01/25/2021 · Paid in Full · Loan `5426928300`
## Borrower
- **Name:** LINAHON ELECTRIC INC.
- **Address:** 1055 15th St SW, Mason City, IA, 50401-5648
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $197K
- **Initial approval:** $197K
- **Forgiven:** $198K (101%)
- **Forgiveness date:** 08/16/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $197K
- **Utilities:** $1
- **Jobs reported:** 12
## 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*