# PPP loan: IDEAL ELECTRIC INC #2
> **$660K** approved 04/07/2020 · Paid in Full · Loan `7444467006`
## Borrower
- **Name:** IDEAL ELECTRIC INC #2
- **Address:** 3777 QUENTIN ST, DENVER, CO, 80239-3439
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $660K
- **Initial approval:** $660K
- **Forgiven:** $667K (101%)
- **Forgiveness date:** 06/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $495K
- **Rent:** $165K
- **Jobs reported:** 87
## Lender
- **Originating:** ANB Bank
- **Servicing:** ANB Bank (CO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*