# PPP loan: BENSON ELECTRIC COMPANY, INC.
> **$1.72M** approved 04/07/2020 · Paid in Full · Loan `7662747005`
## Borrower
- **Name:** BENSON ELECTRIC COMPANY, INC.
- **Address:** 1102 N 3rd Street, SUPERIOR, WI, 54880-1230
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.72M
- **Initial approval:** $1.72M
- **Forgiven:** $1.73M (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.72M
- **Jobs reported:** 400
## Lender
- **Originating:** National Bank of Commerce
- **Servicing:** National Bank of Commerce (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*