# PPP loan: JIM'S ELECTRIC CO., INC.
> **$432K** approved 01/15/2021 · Paid in Full · Loan `9980028209`
## Borrower
- **Name:** JIM'S ELECTRIC CO., INC.
- **Address:** 8296 Industrial Park Rd, Baxter, MN, 56425-8271
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $432K
- **Initial approval:** $432K
- **Forgiven:** $437K (101%)
- **Forgiveness date:** 03/14/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $432K
- **Jobs reported:** 40
## Lender
- **Originating:** Mid Minnesota FCU
- **Servicing:** Mid Minnesota FCU (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*