# PPP loan: SOVEREIGN ELECTRIC LLC
> **$214K** approved 03/28/2021 · Paid in Full · Loan `2400298702`
## Borrower
- **Name:** SOVEREIGN ELECTRIC LLC
- **Address:** 939 S Tyndall Ave, Tucson, AZ, 85719-6635
- **NAICS:** 238210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $214K
- **Initial approval:** $214K
- **Forgiven:** $217K (101%)
- **Forgiveness date:** 07/28/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $214K
- **Utilities:** $1
- **Jobs reported:** 19
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*