# PPP loan: ELECTRIC PUMP, INC.
> **$1.66M** approved 04/08/2020 · Paid in Full · Loan `7976977007`
## Borrower
- **Name:** ELECTRIC PUMP, INC.
- **Address:** 4280 E. 14TH ST, DES MOINES, IA, 50313-2604
- **NAICS:** 423830
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.66M
- **Initial approval:** $1.66M
- **Forgiven:** $1.67M (101%)
- **Forgiveness date:** 02/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.66M
- **Jobs reported:** 123
## Lender
- **Originating:** Community State Bank
- **Servicing:** Community State Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*