# PPP loan: TECS ELECTRIC LTD
> **$374K** approved 04/10/2020 · Paid in Full · Loan `2486057105`
## Borrower
- **Name:** TECS ELECTRIC LTD
- **Address:** 1836 BARNETT DR, WEATHERFORD, TX, 76087-9440
- **NAICS:** 212321
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $374K
- **Initial approval:** $374K
- **Forgiven:** $380K (102%)
- **Forgiveness date:** 11/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $280K
- **Utilities:** $93K
- **Jobs reported:** 8
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*