1ST ELECTRIC INC (SD) - 2020 PPP Loan Borrower Profile (# 6009987402)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 1ST ELECTRIC INC. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in South Dakota.

Loan Detail

Loan Number

6009987402

SBA Office Code

0876

Processing Method

PPP

Curent Loan Amount

$6,965

Date Loan was Approved

May 13, 2020

Amount Forgiven

$7,063.65

Date Loan was Forgiven

Oct 20, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

6,965

Lender

First Interstate Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

238210

Borrower Location

WATERTOWN, SD

Project Location

WATERTOWN, SD

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.