# PPP loan: ALLIED ELECTRICAL CONTRACTORS OF HOUSTON
> **$740K** approved 02/20/2021 · Paid in Full · Loan `2216958503`
## Borrower
- **Name:** ALLIED ELECTRICAL CONTRACTORS OF HOUSTON
- **Address:** 301 Greens Landing Dr, Houston, TX, 77038-2645
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $740K
- **Initial approval:** $740K
- **Forgiven:** $749K (101%)
- **Forgiveness date:** 05/05/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $740K
- **Utilities:** $1
- **Jobs reported:** 60
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*