# PPP loan: ELECTRIC WHOLESALE COMPANY
> **$213K** approved 04/05/2020 · Paid in Full · Loan `5574407009`
## Borrower
- **Name:** ELECTRIC WHOLESALE COMPANY
- **Address:** 314 South 17TH ST, AMES, IA, 50010-8044
- **NAICS:** 423610
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $213K
- **Initial approval:** $213K
- **Forgiven:** $214K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $160K
- **Rent:** $40K
- **Health care:** $13K
- **Jobs reported:** 20
## Lender
- **Originating:** First National Bank Ames, Iowa
- **Servicing:** First National Bank Ames, Iowa (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*