# PPP loan: POELLINGER ELECTRIC, INC.
> **$409K** approved 04/08/2020 · Paid in Full · Loan `8635267002`
## Borrower
- **Name:** POELLINGER ELECTRIC, INC.
- **Address:** 5416 33rd Street South, LA CROSSE, WI, 54601-2201
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $409K
- **Initial approval:** $409K
- **Forgiven:** $412K (101%)
- **Forgiveness date:** 02/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $327K
- **Rent:** $6K
- **Utilities:** $76K
- **Jobs reported:** 24
## Lender
- **Originating:** State Bank Financial
- **Servicing:** State Bank Financial (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*