# PPP loan: PETERSON ELECTRIC INC
> **$587K** approved 02/14/2021 · Paid in Full · Loan `8842418401`
## Borrower
- **Name:** PETERSON ELECTRIC INC
- **Address:** 5622 N Myrtle St, Spokane, WA, 99217-6563
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $587K
- **Initial approval:** $587K
- **Forgiven:** $590K (100%)
- **Forgiveness date:** 08/09/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $587K
- **Utilities:** $1
- **Jobs reported:** 21
## Lender
- **Originating:** State Bank Northwest
- **Servicing:** State Bank Northwest (WA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*