# PPP loan: BROES ELECTRIC, INC.
> **$235K** approved 04/07/2020 · Paid in Full · Loan `7663327010`
## Borrower
- **Name:** BROES ELECTRIC, INC.
- **Address:** 9558 Weld County Road 7, LONGMONT, CO, 80504
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $235K
- **Initial approval:** $258K
- **Forgiven:** $236K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $176K
- **Rent:** $47K
- **Utilities:** $12K
- **Jobs reported:** 17
## Lender
- **Originating:** High Plains Bank
- **Servicing:** High Plains Bank (CO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*