# PPP loan: FERDING ELECTRIC INC
> **$162K** approved 04/07/2020 · Paid in Full · Loan `7491227007`
## Borrower
- **Name:** FERDING ELECTRIC INC
- **Address:** 2903 E Elizabeth St, PIERRE, SD, 57501-5502
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $162K
- **Initial approval:** $162K
- **Forgiven:** $163K (101%)
- **Forgiveness date:** 12/10/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $130K
- **Mortgage interest:** $10K
- **Utilities:** $22K
- **Jobs reported:** 14
## Lender
- **Originating:** BankWest, Inc
- **Servicing:** BankWest, Inc (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*