# PPP loan: LANTZ ELECTRIC, INC.
> **$247K** approved 04/14/2020 · Paid in Full · Loan `7540367109`
## Borrower
- **Name:** LANTZ ELECTRIC, INC.
- **Address:** 34531 Highway 58, EUGENE, OR, 97405-9665
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $247K
- **Initial approval:** $247K
- **Forgiven:** $242K (98%)
- **Forgiveness date:** 02/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $227K
- **Rent:** $12K
- **Health care:** $9K
- **Jobs reported:** 14
## Lender
- **Originating:** Oregon Pacific Banking Company dba Oregon Pacific Bank
- **Servicing:** Oregon Pacific Banking Company dba Oregon Pacific Bank (OR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*