# PPP loan: LEGACY ELECTRIC LLC
> **$352K** approved 05/01/2020 · Paid in Full · Loan `2870837707`
## Borrower
- **Name:** LEGACY ELECTRIC LLC
- **Address:** Legacy Electric 12200 FORD RD STE 460, DALLAS, TX, 75234
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $352K
- **Initial approval:** $352K
- **Forgiven:** $355K (101%)
- **Forgiveness date:** 02/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $319K
- **Rent:** $9K
- **Utilities:** $3K
- **Health care:** $12K
- **Debt interest:** $9K
- **Jobs reported:** 330
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*