# PPP loan: UNITED ELECTRIC COMPANY, LP
> **$1.52M** approved 01/16/2021 · Paid in Full · Loan `1075408307`
## Borrower
- **Name:** UNITED ELECTRIC COMPANY, LP
- **Address:** 501 Galveston St, Wichita Falls, TX, 76301-5906
- **NAICS:** 423730
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.52M
- **Initial approval:** $1.52M
- **Forgiven:** $1.53M (101%)
- **Forgiveness date:** 07/27/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.52M
- **Utilities:** $1
- **Jobs reported:** 136
## Lender
- **Originating:** First Bank
- **Servicing:** First Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*