# PPP loan: HOUSTON ELECTRIC INC.
> **$394K** approved 01/21/2021 · Paid in Full · Loan `2898828310`
## Borrower
- **Name:** HOUSTON ELECTRIC INC.
- **Address:** 416 MAIN ST., GARBER, OK, 73738
- **NAICS:** 238210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $394K
- **Initial approval:** $394K
- **Forgiven:** $399K (101%)
- **Forgiveness date:** 03/24/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $394K
- **Utilities:** $1
- **Jobs reported:** 25
## Lender
- **Originating:** ACB Bank
- **Servicing:** ACB Bank (OK)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*