# PPP loan: GRAY INDUSTRIAL ELECTRIC INC.
> **$206K** approved 04/09/2021 · Paid in Full · Loan `1041338802`
## Borrower
- **Name:** GRAY INDUSTRIAL ELECTRIC INC.
- **Address:** 207 W Marshall St, Pittsburg, TX, 75686-1311
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $206K
- **Initial approval:** $206K
- **Forgiven:** $207K (101%)
- **Forgiveness date:** 11/03/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $206K
- **Utilities:** $1
- **Jobs reported:** 12
## Lender
- **Originating:** The City National Bank of Sulphur Springs
- **Servicing:** The City National Bank of Sulphur Springs (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*