# PPP loan: KNOBELSDORFF ELECTRIC INC
> **$1.99M** approved 05/18/2020 · Paid in Full · Loan `8134577406`
## Borrower
- **Name:** KNOBELSDORFF ELECTRIC INC
- **Address:** 25701 370TH ST, GOODHUE, MN, 55027-8616
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.99M
- **Initial approval:** $1.99M
- **Forgiven:** $2.00M (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.49M
- **Utilities:** $497K
- **Jobs reported:** 145
## Lender
- **Originating:** First Farmers & Merchants Bank
- **Servicing:** First Farmers & Merchants Bank (MN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*