# PPP loan: RENDA ELECTRIC, LLC
> **$236K** approved 04/14/2020 · Paid in Full · Loan `6988947110`
## Borrower
- **Name:** RENDA ELECTRIC, LLC
- **Address:** 1305 37TH ST SW, GRIMES, IA, 50111
- **NAICS:** 238210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $236K
- **Initial approval:** $236K
- **Forgiven:** $238K (101%)
- **Forgiveness date:** 04/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $236K
- **Jobs reported:** 19
## Lender
- **Originating:** U.S. Bank, National Association
- **Servicing:** U.S. Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*