# PPP loan: KLEIN AUTOMATION & ELECTRIC, INC.
> **$1.65M** approved 04/10/2020 · Paid in Full · Loan `2044567108`
## Borrower
- **Name:** KLEIN AUTOMATION & ELECTRIC, INC.
- **Address:** 2415 N French Dr, HOBBS, NM, 88240-9380
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.65M
- **Initial approval:** $1.65M
- **Forgiven:** $1.66M (101%)
- **Forgiveness date:** 01/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.55M
- **Rent:** $54K
- **Utilities:** $15K
- **Debt interest:** $32K
- **Jobs reported:** 130
## Lender
- **Originating:** Lea County State Bank
- **Servicing:** Lea County State Bank (NM)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*