# PPP loan: MD MARINE ELECTRIC, LTD.
> **$571K** approved 04/30/2020 · Paid in Full · Loan `5729867307`
## Borrower
- **Name:** MD MARINE ELECTRIC, LTD.
- **Address:** 672 E 11th St, Tacoma, WA, 98421
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $571K
- **Initial approval:** $571K
- **Forgiven:** $577K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $571K
- **Jobs reported:** 25
## Lender
- **Originating:** BMO Bank National Association
- **Servicing:** BMO Bank National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*