# PPP loan: BERGER ELECTRIC INC
> **$519K** approved 04/07/2020 · Paid in Full · Loan `7488517010`
## Borrower
- **Name:** BERGER ELECTRIC INC
- **Address:** 265 21ST ST E, DICKINSON, ND, 58601-3137
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $519K
- **Initial approval:** $519K
- **Forgiven:** $523K (101%)
- **Forgiveness date:** 01/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $469K
- **Rent:** $40K
- **Utilities:** $10K
- **Jobs reported:** 26
## Lender
- **Originating:** Cornerstone Bank
- **Servicing:** Cornerstone Bank (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*