# PPP loan: MARINE ELECTRIC CO,
> **$275K** approved 04/07/2020 · Paid in Full · Loan `7569647005`
## Borrower
- **Name:** MARINE ELECTRIC CO,
- **Address:** 1900 W 98TH STREET, BLOOMINGTON, MN, 55431-2503
- **NAICS:** 441222
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $275K
- **Initial approval:** $275K
- **Forgiven:** $278K (101%)
- **Forgiveness date:** 07/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $275K
- **Jobs reported:** 25
## Lender
- **Originating:** Minnesota Bank and Trust, A Division of HTLF Bank
- **Servicing:** HTLF Bank (CO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*