# PPP loan: KAP ELECTRIC INC.
> **$212K** approved 01/22/2021 · Paid in Full · Loan `3524518300`
## Borrower
- **Name:** KAP ELECTRIC INC.
- **Address:** 4210 E Fairview Ave, Sulphur, LA, 70663-6408
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $212K
- **Initial approval:** $212K
- **Forgiven:** $214K (101%)
- **Forgiveness date:** 02/23/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $212K
- **Utilities:** $1
- **Jobs reported:** 19
## Lender
- **Originating:** Cadence Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*