# PPP loan: CABLE ELECTRIC INC
> **$602K** approved 04/11/2020 · Paid in Full · Loan `3581167106`
## Borrower
- **Name:** CABLE ELECTRIC INC
- **Address:** 3716 Rufe Snow Drive, NORTH RICHLAND HILLS, TX, 76180-8848
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $602K
- **Initial approval:** $602K
- **Forgiven:** $606K (101%)
- **Forgiveness date:** 11/12/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $563K
- **Rent:** $24K
- **Utilities:** $2K
- **Health care:** $13K
- **Jobs reported:** 48
## Lender
- **Originating:** Veritex Community Bank
- **Servicing:** Veritex Community Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*