# PPP loan: KURRENT ELECTRIC INC.
> **$320K** approved 01/30/2021 · Paid in Full · Loan `9283958309`
## Borrower
- **Name:** KURRENT ELECTRIC INC.
- **Address:** 2242 229th Pl, Ames, IA, 50014-6321
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $320K
- **Initial approval:** $320K
- **Forgiven:** $322K (101%)
- **Forgiveness date:** 09/07/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $320K
- **Utilities:** $1
- **Jobs reported:** 37
## Lender
- **Originating:** South Story Bank & Trust
- **Servicing:** South Story Bank & Trust (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*