# PPP loan: J&J OILFIELD ELECTRIC CO. INC.
> **$703K** approved 02/04/2021 · Paid in Full · Loan `3023758402`
## Borrower
- **Name:** J&J OILFIELD ELECTRIC CO. INC.
- **Address:** 405 E Walker St, Breckenridge, TX, 76424-3644
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $703K
- **Initial approval:** $703K
- **Forgiven:** $709K (101%)
- **Forgiveness date:** 11/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $703K
- **Jobs reported:** 34
## Lender
- **Originating:** Clear Fork Bank National Association
- **Servicing:** Clear Fork Bank National Association (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*