# PPP loan: ALEXANDER ELECTRIC INC.
> **$653K** approved 01/20/2021 · Paid in Full · Loan `2106248305`
## Borrower
- **Name:** ALEXANDER ELECTRIC INC.
- **Address:** 1602 E Denman Ave, Lufkin, TX, 75901-6154
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $653K
- **Initial approval:** $653K
- **Forgiven:** $661K (101%)
- **Forgiveness date:** 03/23/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $653K
- **Utilities:** $1
- **Jobs reported:** 41
## Lender
- **Originating:** Cadence Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*