# PPP loan: WADE ELECTRIC INC
> **$241K** approved 01/20/2021 · Paid in Full · Loan `2474438307`
## Borrower
- **Name:** WADE ELECTRIC INC
- **Address:** 7212 Parwelk St, Dallas, TX, 75235-4019
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $241K
- **Initial approval:** $241K
- **Forgiven:** $242K (101%)
- **Forgiveness date:** 09/29/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $241K
- **Jobs reported:** 28
## Lender
- **Originating:** Veritex Community Bank
- **Servicing:** Veritex Community Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*