# PPP loan: STROM ELECTRIC INC.
> **$306K** approved 04/15/2020 · Paid in Full · Loan `8554007101`
## Borrower
- **Name:** STROM ELECTRIC INC.
- **Address:** 405 S MAIN ST, TROY, ID, 83871-5009
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $306K
- **Initial approval:** $306K
- **Forgiven:** $308K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $306K
- **Jobs reported:** 25
## Lender
- **Originating:** Umpqua Bank
- **Servicing:** Umpqua Bank (OR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*