# PPP loan: THE ELECTRIC LIGHT & POWER COMPANY
> **$151K** approved 04/10/2020 · Paid in Full · Loan `1301637102`
## Borrower
- **Name:** THE ELECTRIC LIGHT & POWER COMPANY
- **Address:** 4748 ALGIERS ST, DALLAS, TX, 75207-5500
- **NAICS:** 532490
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $151K
- **Initial approval:** $122K
- **Forgiven:** $123K (81%)
- **Forgiveness date:** 03/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $113K
- **Rent:** $23K
- **Utilities:** $15K
- **Jobs reported:** 17
## Lender
- **Originating:** Texas Security Bank
- **Servicing:** Texas Security Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*