# PPP loan: ELECTRO TECHNICAL INDUSTRIES INC
> **$1.12M** approved 04/10/2020 · Paid in Full · Loan `1555417106`
## Borrower
- **Name:** ELECTRO TECHNICAL INDUSTRIES INC
- **Address:** 303 LITTLE YORK RD, HOUSTON, TX, 77076-1122
- **NAICS:** 335311
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.12M
- **Initial approval:** $1.43M
- **Forgiven:** $1.13M (101%)
- **Forgiveness date:** 07/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $818K
- **Utilities:** $15K
- **Health care:** $283K
- **Jobs reported:** 103
## Lender
- **Originating:** Independent Bank d/b/a Independent Financial
- **Servicing:** Independent Bank d/b/a Independent Financial (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*