# PPP loan: DIRECT ELECTRIC LLC
> **$420K** approved 06/29/2020 · Paid in Full · Loan `6054128005`
## Borrower
- **Name:** DIRECT ELECTRIC LLC
- **Address:** 3612 N Highway 7, BAKER, MT, 59313-1098
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $420K
- **Initial approval:** $420K
- **Forgiven:** $422K (101%)
- **Forgiveness date:** 02/25/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $420K
- **Jobs reported:** 24
## Lender
- **Originating:** The Bank of Baker
- **Servicing:** The Bank of Baker (MT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*