# PPP loan: WELBURN ELECTRIC, INC
> **$710K** approved 04/09/2020 · Paid in Full · Loan `9361737008`
## Borrower
- **Name:** WELBURN ELECTRIC, INC
- **Address:** 4529 S. PACIFIC HWY., PHOENIX, OR, 97535-6601
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $710K
- **Initial approval:** $525K
- **Forgiven:** $715K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $604K
- **Rent:** $14K
- **Utilities:** $36K
- **Health care:** $57K
- **Jobs reported:** 39
## Lender
- **Originating:** Banner Bank
- **Servicing:** Banner Bank (WA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*