# PPP loan: CORRECT ELECTRIC SERVICE CO.
> **$906K** approved 04/10/2020 · Paid in Full · Loan `1992647103`
## Borrower
- **Name:** CORRECT ELECTRIC SERVICE CO.
- **Address:** 6610 SUPPLY ROW, HOUSTON, TX, 77011-4516
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $906K
- **Initial approval:** $906K
- **Forgiven:** $915K (101%)
- **Forgiveness date:** 03/25/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $906K
- **Jobs reported:** 100
## Lender
- **Originating:** Zions Bank, A Division of
- **Servicing:** Zions Bank, A Division of (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*