# PPP loan: NELSON ELECTRIC, INC.
> **$2.38M** approved 04/28/2020 · Paid in Full · Loan `8881927201`
## Borrower
- **Name:** NELSON ELECTRIC, INC.
- **Address:** 9620 Stone Ave S Suite 201, SEATTLE, WA, 98103
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $2.38M
- **Initial approval:** $2.38M
- **Forgiven:** $2.42M (102%)
- **Forgiveness date:** 12/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.38M
- **Jobs reported:** 103
## Lender
- **Originating:** Banner Bank
- **Servicing:** Banner Bank (WA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*