# PPP loan: MB ELECTRIC, LLC
> **$1.61M** approved 04/15/2020 · Paid in Full · Loan `9149997106`
## Borrower
- **Name:** MB ELECTRIC, LLC
- **Address:** 8410 30TH AVE NE, LACEY, WA, 98516-7124
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.61M
- **Initial approval:** $1.61M
- **Forgiven:** $1.63M (101%)
- **Forgiveness date:** 08/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.61M
- **Jobs reported:** 120
## Lender
- **Originating:** Timberland Bank
- **Servicing:** Timberland Bank (WA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*