# PPP loan: ELECTRIC INC.
> **$630K** approved 02/05/2021 · Paid in Full · Loan `3765468408`
## Borrower
- **Name:** ELECTRIC INC.
- **Address:** 179 Southern Dr, Royse City, TX, 75189-5761
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $630K
- **Initial approval:** $630K
- **Forgiven:** $633K (100%)
- **Forgiveness date:** 06/23/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $630K
- **Utilities:** $1
- **Jobs reported:** 56
## Lender
- **Originating:** The American National Bank of Texas
- **Servicing:** The American National Bank of Texas (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*