# PPP loan: BROWN ELECTRIC COMPANY
> **$177K** approved 04/16/2020 · Paid in Full · Loan `2298287205`
## Borrower
- **Name:** BROWN ELECTRIC COMPANY
- **Address:** 2525 N Jackson, ODESSA, TX, 79761
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $177K
- **Initial approval:** $177K
- **Forgiven:** $179K (101%)
- **Forgiveness date:** 10/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $133K
- **Rent:** $22K
- **Utilities:** $22K
- **Jobs reported:** 13
## 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*