# PPP loan: WATTS ELECTRIC COMPANY
> **$1.42M** approved 04/28/2020 · Paid in Full · Loan `8419907206`
## Borrower
- **Name:** WATTS ELECTRIC COMPANY
- **Address:** 13351 Dovers Street, WAVERLY, NE, 68462
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.42M
- **Initial approval:** $1.42M
- **Forgiven:** $1.44M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.42M
- **Jobs reported:** 93
## Lender
- **Originating:** First Interstate Bank
- **Servicing:** First Interstate Bank (MT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*