# PPP loan: LENZ ELECTRIC INC
> **$433K** approved 05/13/2021 · Paid in Full · Loan `1850849003`
## Borrower
- **Name:** LENZ ELECTRIC INC
- **Address:** 3514 E Saint Vrain St Ste A, Colorado Springs, CO, 80909-6655
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $433K
- **Initial approval:** $433K
- **Forgiven:** $435K (100%)
- **Forgiveness date:** 10/26/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $433K
- **Jobs reported:** 31
## Lender
- **Originating:** First Southwest Bank
- **Servicing:** First Southwest Bank (CO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*