# PPP loan: KERELUK ELECTRIC CORPORATION
> **$188K** approved 01/29/2021 · Paid in Full · Loan `8328058310`
## Borrower
- **Name:** KERELUK ELECTRIC CORPORATION
- **Address:** 35350 Stanley Dr, Sterling Heights, MI, 48312-2654
- **NAICS:** 621210
- **Business type:** Limited Liability Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $188K
- **Initial approval:** $188K
- **Forgiven:** $190K (101%)
- **Forgiveness date:** 07/12/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $187K
- **Utilities:** $1
- **Jobs reported:** 9
## Lender
- **Originating:** Northeast Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*