# PPP loan: CYPRESS EMPIRE ELECTRIC INC
> **$188K** approved 04/15/2020 · Paid in Full · Loan `1413607207`
## Borrower
- **Name:** CYPRESS EMPIRE ELECTRIC INC
- **Address:** 21239 BLDG C FM 529, CYPRESS, TX, 77433-8061
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $188K
- **Initial approval:** $188K
- **Forgiven:** $190K (101%)
- **Forgiveness date:** 06/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $141K
- **Rent:** $23K
- **Utilities:** $23K
- **Jobs reported:** 19
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*