# PPP loan: OLYMPIC ELECTRIC
> **$292K** approved 01/29/2021 · Paid in Full · Loan `7988918309`
## Borrower
- **Name:** OLYMPIC ELECTRIC
- **Address:** 4230 Tumwater Truck Rte, Port Angeles, WA, 98363-2469
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $292K
- **Initial approval:** $292K
- **Forgiven:** $294K (101%)
- **Forgiveness date:** 09/24/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $292K
- **Utilities:** $1
- **Jobs reported:** 19
## Lender
- **Originating:** 1st Security Bank of Washington
- **Servicing:** 1st Security Bank of Washington (WA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*