# PPP loan: OLYMPIATECH ELECTRICAL CONTRACTORS INC
> **$1.99M** approved 04/08/2020 · Paid in Full · Loan `7861077008`
## Borrower
- **Name:** OLYMPIATECH ELECTRICAL CONTRACTORS INC
- **Address:** 13700 Water Tower Circle, MINNEAPOLIS, MN, 55441-3705
- **NAICS:** 238210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.99M
- **Initial approval:** $1.99M
- **Forgiven:** $2.01M (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.91M
- **Rent:** $37K
- **Utilities:** $6K
- **Health care:** $43K
- **Jobs reported:** 87
## Lender
- **Originating:** MidCountry Bank
- **Servicing:** MidCountry Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*