# PPP loan: NEW TECH ELECTRIC SYSTEMS INC
> **$161K** approved 01/28/2021 · Paid in Full · Loan `7927648307`
## Borrower
- **Name:** NEW TECH ELECTRIC SYSTEMS INC
- **Address:** 397 Bridgepoint Dr, South Saint Paul, MN, 55075-2466
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $161K
- **Initial approval:** $161K
- **Forgiven:** $163K (101%)
- **Forgiveness date:** 03/08/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $161K
- **Utilities:** $1
- **Jobs reported:** 17
## Lender
- **Originating:** Old National Bank
- **Servicing:** Old National Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*