# PPP loan: KLINE ELECTRIC, INC
> **$1.62M** approved 04/07/2020 · Paid in Full · Loan `7448707003`
## Borrower
- **Name:** KLINE ELECTRIC, INC
- **Address:** 6355 NE 14TH ST, DES MOINES, IA, 50313-1212
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.62M
- **Initial approval:** $1.62M
- **Forgiven:** $1.64M (101%)
- **Forgiveness date:** 03/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.62M
- **Jobs reported:** 148
## Lender
- **Originating:** Bankers Trust Company
- **Servicing:** Bankers Trust Company (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*