# PPP loan: BUDD ELECTRIC CO
> **$197K** approved 04/15/2020 · Paid in Full · Loan `2156967202`
## Borrower
- **Name:** BUDD ELECTRIC CO
- **Address:** PO BOX 270022, CORPUS CHRISTI, TX, 78427-0022
- **NAICS:** 238310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $197K
- **Initial approval:** $197K
- **Forgiven:** $199K (101%)
- **Forgiveness date:** 01/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $158K
- **Rent:** $39K
- **Jobs reported:** 19
## Lender
- **Originating:** American Bank, National Association
- **Servicing:** American Bank, National Association (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*