# PPP loan: RINGO ELECTRIC INC.
> **$174K** approved 01/22/2021 · Paid in Full · Loan `3900438305`
## Borrower
- **Name:** RINGO ELECTRIC INC.
- **Address:** 111 Heritage Loop, Hutto, TX, 78634-3324
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $174K
- **Initial approval:** $174K
- **Forgiven:** $175K (101%)
- **Forgiveness date:** 08/04/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $174K
- **Jobs reported:** 20
## Lender
- **Originating:** Security State Bank & Trust
- **Servicing:** Security State Bank & Trust (TX)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*