# PPP loan: C&G ELECTRIC, INC.
> **$851K** approved 04/09/2020 · Paid in Full · Loan `1024347110`
## Borrower
- **Name:** C&G ELECTRIC, INC.
- **Address:** 2901 FM 156 North, Krum, TX, 76249-5581
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $851K
- **Initial approval:** $851K
- **Forgiven:** $859K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $718K
- **Rent:** $16K
- **Mortgage interest:** $29K
- **Utilities:** $18K
- **Health care:** $69K
- **Jobs reported:** 83
## Lender
- **Originating:** First State Bank
- **Servicing:** First State Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*