# PPP loan: K. THOMPSON ELECTRIC INC.
> **$1.14M** approved 03/17/2021 · Paid in Full · Loan `3940578600`
## Borrower
- **Name:** K. THOMPSON ELECTRIC INC.
- **Address:** 670 International Pkwy Ste 140, Richardson, TX, 75081-6604
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.14M
- **Initial approval:** $1.14M
- **Forgiven:** $1.15M (100%)
- **Forgiveness date:** 08/19/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.14M
- **Utilities:** $1
- **Jobs reported:** 78
## Lender
- **Originating:** Prosperity Bank
- **Servicing:** Prosperity Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*