# PPP loan: ALBERT LEA ELECTRO PLATING
> **$226K** approved 04/07/2020 · Paid in Full · Loan `7621357010`
## Borrower
- **Name:** ALBERT LEA ELECTRO PLATING
- **Address:** 808 E 12TH ST, ALBERT LEA, MN, 56007-3216
- **NAICS:** 332813
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $226K
- **Initial approval:** $226K
- **Forgiven:** $227K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $190K
- **Rent:** $26K
- **Utilities:** $10K
- **Jobs reported:** 21
## Lender
- **Originating:** Arcadian Bank
- **Servicing:** Arcadian Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*