# PPP loan: L&S ELECTRIC, INC
> **$199K** approved 04/14/2020 · Paid in Full · Loan `6485307104`
## Borrower
- **Name:** L&S ELECTRIC, INC
- **Address:** 1325 West Central St PO BOX108, SPRINGFIELD, MN, 56087-0108
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $199K
- **Initial approval:** $199K
- **Forgiven:** $201K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $180K
- **Rent:** $9K
- **Utilities:** $10K
- **Jobs reported:** 20
## Lender
- **Originating:** SouthPoint Financial CU
- **Servicing:** SouthPoint Financial CU (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*