# PPP loan: CRAFT ELECTRIC INC.
> **$980K** approved 02/13/2021 · Charged Off · Loan `8336148400`
## Borrower
- **Name:** CRAFT ELECTRIC INC.
- **Address:** 6121 Highway 8, Stanley, ND, 58784
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $980K
- **Initial approval:** $980K
- **Forgiven:** $797K (81%)
- **Forgiveness date:** 10/25/2021
- **Status:** Charged Off
- **Term:** 42 months
## Use of funds
- **Payroll:** $980K
- **Utilities:** $1
- **Jobs reported:** 28
## Lender
- **Originating:** Bravera Bank
- **Servicing:** Bravera Bank (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*