# PPP loan: PACE ELECTRONICS INC
> **$1.09M** approved 04/09/2020 · Paid in Full · Loan `9547947010`
## Borrower
- **Name:** PACE ELECTRONICS INC
- **Address:** 3582 TECHNOLOGY DR NW, ROCHESTER, MN, 55901-7687
- **NAICS:** 532490
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.09M
- **Initial approval:** $1.09M
- **Forgiven:** $1.10M (101%)
- **Forgiveness date:** 01/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.09M
- **Jobs reported:** 79
## Lender
- **Originating:** West Bank
- **Servicing:** West Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*