# PPP loan: LIBERTY ELECTRIC & SECURITY, INC
> **$229K** approved 04/05/2020 · Paid in Full · Loan `5588087010`
## Borrower
- **Name:** LIBERTY ELECTRIC & SECURITY, INC
- **Address:** 27582 246TH AVE, ALBANY, MN, 56307-9781
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $229K
- **Initial approval:** $191K
- **Forgiven:** $232K (101%)
- **Forgiveness date:** 09/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $218K
- **Rent:** $3K
- **Mortgage interest:** $5K
- **Utilities:** $3K
- **Jobs reported:** 18
## Lender
- **Originating:** Magnifi Financial CU
- **Servicing:** Magnifi Financial CU (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*