# PPP loan: ACCORD ELECTRIC, INC.
> **$616K** approved 04/07/2020 · Paid in Full · Loan `7059617007`
## Borrower
- **Name:** ACCORD ELECTRIC, INC.
- **Address:** 1830 2ND AVE SE, ROCHESTER, MN, 55904-7907
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $616K
- **Initial approval:** $616K
- **Forgiven:** $621K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $616K
- **Jobs reported:** 37
## Lender
- **Originating:** Think Mutual Bank
- **Servicing:** Think Mutual Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*