# PPP loan: PREMIER ELECTRIC CORPORATION
> **$4.21M** approved 04/08/2020 · Exemption 4 · Loan `8203197001`
## Borrower
- **Name:** PREMIER ELECTRIC CORPORATION
- **Address:** 4401 85th Ave N, MINNEAPOLIS, MN, 55443-1914
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.21M
- **Initial approval:** $4.21M
- **Status:** Exemption 4
- **Term:** 3 months
## Use of funds
- **Payroll:** $4.21M
- **Jobs reported:** 227
## Lender
- **Originating:** Vibrant Credit Union
- **Servicing:** Vibrant Credit Union (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*