# PPP loan: L & O ELECTRIC INC.
> **$290K** approved 04/10/2020 · Paid in Full · Loan `1966237105`
## Borrower
- **Name:** L & O ELECTRIC INC.
- **Address:** 11302 Pollyanna Avenue, Austin, TX, 78753-2761
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $290K
- **Initial approval:** $290K
- **Forgiven:** $293K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $290K
- **Jobs reported:** 22
## Lender
- **Originating:** Lone Star Capital Bank, National Association
- **Servicing:** Lone Star Capital Bank, National Association (TX)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*