# PPP loan: CARVER ELECTRIC COMPANY INC.
> **$300K** approved 02/03/2021 · Paid in Full · Loan `2181998405`
## Borrower
- **Name:** CARVER ELECTRIC COMPANY INC.
- **Address:** 8645 S Main St, Mesilla Park, NM, 88047-9664
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $300K
- **Initial approval:** $300K
- **Forgiven:** $306K (102%)
- **Forgiveness date:** 10/26/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $300K
- **Utilities:** $1
- **Jobs reported:** 21
## Lender
- **Originating:** Citizens Bank of Las Cruces
- **Servicing:** Citizens Bank of Las Cruces (NM)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*