# PPP loan: PHOENIX ELECTRIC, INC
> **$502K** approved 04/12/2020 · Paid in Full · Loan `3933647102`
## Borrower
- **Name:** PHOENIX ELECTRIC, INC
- **Address:** INVESTMENT LOOP, HUTTO, TX, 78634-3454
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $502K
- **Initial approval:** $502K
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $502K
- **Jobs reported:** 48
## Lender
- **Originating:** Cadence Bank
- **Servicing:** Cadence Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*