# PPP loan: MEIERHOFER ELECTRIC, LLC
> **$675K** approved 05/01/2020 · Paid in Full · Loan `2921207707`
## Borrower
- **Name:** MEIERHOFER ELECTRIC, LLC
- **Address:** 309 N. Beltline 129, IRVING, TX, 75061
- **NAICS:** 238210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $675K
- **Initial approval:** $675K
- **Forgiven:** $682K (101%)
- **Forgiveness date:** 06/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $576K
- **Rent:** $22K
- **Utilities:** $10K
- **Health care:** $67K
- **Jobs reported:** 50
## 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*