# PPP loan: RATLIFF ELECTRIC CO.
> **$885K** approved 04/16/2020 · Paid in Full · Loan `2851327200`
## Borrower
- **Name:** RATLIFF ELECTRIC CO.
- **Address:** P O Box 696, WINK, TX, 79789-0696
- **NAICS:** 213112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $885K
- **Initial approval:** $885K
- **Forgiven:** $890K (101%)
- **Forgiveness date:** 11/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $796K
- **Rent:** $30K
- **Mortgage interest:** $9K
- **Utilities:** $8K
- **Health care:** $41K
- **Jobs reported:** 55
## Lender
- **Originating:** Tejas Bank
- **Servicing:** Tejas Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*