# PPP loan: ITZ ELECTRIC INC
> **$264K** approved 04/10/2020 · Paid in Full · Loan `1644237102`
## Borrower
- **Name:** ITZ ELECTRIC INC
- **Address:** 804 E Main St, Fredericksburg, TX, 78624
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $264K
- **Initial approval:** $264K
- **Forgiven:** $266K (101%)
- **Forgiveness date:** 01/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $233K
- **Rent:** $30K
- **Utilities:** $1K
- **Jobs reported:** 29
## Lender
- **Originating:** Security State Bank & Trust
- **Servicing:** Security State Bank & Trust (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*