# PPP loan: WHITE ELECTRIC INC
> **$416K** approved 04/12/2020 · Paid in Full · Loan `3989557109`
## Borrower
- **Name:** WHITE ELECTRIC INC
- **Address:** 1106 SE STALLINGS DR, NACOGDOCHES, TX, 75964-6849
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $416K
- **Initial approval:** $416K
- **Forgiven:** $418K (101%)
- **Forgiveness date:** 12/09/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $416K
- **Jobs reported:** 47
## 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*