# PPP loan: J T E ELECTRIC INC
> **$302K** approved 04/11/2020 · Paid in Full · Loan `2742767106`
## Borrower
- **Name:** J T E ELECTRIC INC
- **Address:** 6970 MAGNOLIA LANE, FORT MYERS, FL, 33966-1527
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $302K
- **Initial approval:** $302K
- **Forgiven:** $306K (101%)
- **Forgiveness date:** 10/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $302K
- **Jobs reported:** 30
## Lender
- **Originating:** IberiaBank, A Division of First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*