# PPP loan: ONE ELEVEN ELECTRIC, INC.
> **$170K** approved 04/10/2020 · Paid in Full · Loan `1160657103`
## Borrower
- **Name:** ONE ELEVEN ELECTRIC, INC.
- **Address:** 6511 STEWART RD, GALVESTON, TX, 77551-1835
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $170K
- **Initial approval:** $170K
- **Forgiven:** $172K (101%)
- **Forgiveness date:** 03/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $169K
- **Rent:** $1K
- **Debt interest:** $200
- **Jobs reported:** 17
## Lender
- **Originating:** Texas First Bank
- **Servicing:** Texas First Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*