# PPP loan: REWALD ELECTRIC CO. INC.
> **$223K** approved 01/27/2021 · Paid in Full · Loan `6948438308`
## Borrower
- **Name:** REWALD ELECTRIC CO. INC.
- **Address:** 1556 S Teut Rd, Burlington, WI, 53105-7988
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $223K
- **Initial approval:** $223K
- **Forgiven:** $224K (101%)
- **Forgiveness date:** 09/07/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $223K
- **Utilities:** $1
- **Jobs reported:** 9
## Lender
- **Originating:** The Greenwood's State Bank
- **Servicing:** The Greenwood's State Bank (WI)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*