# PPP loan: ROYCE ELECTRIC
> **$342K** approved 04/15/2020 · Paid in Full · Loan `1252407204`
## Borrower
- **Name:** ROYCE ELECTRIC
- **Address:** 203 ELBERT LANE, HARKER HEIGHTS, TX, 76548
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $342K
- **Initial approval:** $342K
- **Forgiven:** $347K (101%)
- **Forgiveness date:** 09/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $342K
- **Jobs reported:** 42
## Lender
- **Originating:** Cadence Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*