# PPP loan: PETES ELECTRIC LLC
> **$242K** approved 04/16/2020 · Paid in Full · Loan `3071657209`
## Borrower
- **Name:** PETES ELECTRIC LLC
- **Address:** 18635 Primera Rd, Unit 3, HARLINGEN, TX, 78552
- **NAICS:** 238210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $242K
- **Initial approval:** $242K
- **Forgiven:** $245K (101%)
- **Forgiveness date:** 04/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $234K
- **Rent:** $2K
- **Utilities:** $6K
- **Jobs reported:** 34
## Lender
- **Originating:** PlainsCapital Bank
- **Servicing:** PlainsCapital Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*