# PPP loan: NELSON ELECTRIC COMPANY, L.C.
> **$551K** approved 04/07/2020 · Paid in Full · Loan `6539187003`
## Borrower
- **Name:** NELSON ELECTRIC COMPANY, L.C.
- **Address:** 239 BELL AVE, AMES, IA, 50010-7706
- **NAICS:** 238210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $551K
- **Initial approval:** $551K
- **Forgiven:** $556K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $551K
- **Jobs reported:** 55
## Lender
- **Originating:** First National Bank Ames, Iowa
- **Servicing:** First National Bank Ames, Iowa (IA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*