# PPP loan: PROVIDENT ELECTRIC, INC.
> **$3.98M** approved 05/01/2020 · Exemption 4 · Loan `8365827700`
## Borrower
- **Name:** PROVIDENT ELECTRIC, INC.
- **Address:** 31114 3RD AVE, BLACK DIAMOND, WA, 98010
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.98M
- **Initial approval:** $3.98M
- **Forgiven:** $3.24M (81%)
- **Forgiveness date:** 06/15/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $3.98M
- **Jobs reported:** 267
## Lender
- **Originating:** U.S. Bank, National Association
- **Servicing:** U.S. Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*