# PPP loan: INTERMOUNTAIN ELECTRIC COMPANY
> **$1.64M** approved 04/06/2020 · Paid in Full · Loan `6224217005`
## Borrower
- **Name:** INTERMOUNTAIN ELECTRIC COMPANY
- **Address:** 947 Washington Street, SAN CARLOS, CA, 94070-5316
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.64M
- **Initial approval:** $1.64M
- **Forgiven:** $1.65M (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.61M
- **Rent:** $26K
- **Utilities:** $2K
- **Jobs reported:** 41
## Lender
- **Originating:** Western Alliance Bank
- **Servicing:** Western Alliance Bank (AZ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*