# PPP loan: TRAM ELECTRIC, INC.
> **$516K** approved 04/08/2020 · Paid in Full · Loan `8097347004`
## Borrower
- **Name:** TRAM ELECTRIC, INC.
- **Address:** 1556 E. AIRPORT RD, PRICE, UT, 84501-3623
- **NAICS:** 811310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $516K
- **Initial approval:** $516K
- **Forgiven:** $519K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $387K
- **Mortgage interest:** $129K
- **Jobs reported:** 63
## Lender
- **Originating:** Cache Valley Bank
- **Servicing:** Cache Valley Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*