# PPP loan: MUTH ELECTRIC INC
> **$5.34M** approved 04/06/2020 · Paid in Full · Loan `5875307007`
## Borrower
- **Name:** MUTH ELECTRIC INC
- **Address:** 1717 N Sanborn Blvd, MITCHELL, SD, 57301-1025
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $5.34M
- **Initial approval:** $5.34M
- **Forgiven:** $5.40M (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $5.34M
- **Jobs reported:** 389
## Lender
- **Originating:** BankWest, Inc
- **Servicing:** BankWest, Inc (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*