# PPP loan: ELROD ENTERPRISES INC.
> **$198K** approved 01/22/2021 · Paid in Full · Loan `4030738301`
## Borrower
- **Name:** ELROD ENTERPRISES INC.
- **Address:** 1262 Eastgate Rd, Midlothian, TX, 76065-7138
- **NAICS:** 561710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $198K
- **Initial approval:** $198K
- **Forgiven:** $199K (100%)
- **Forgiveness date:** 07/30/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $198K
- **Utilities:** $1
- **Jobs reported:** 22
## Lender
- **Originating:** The First National Bank of Sonora
- **Servicing:** The First National Bank of Sonora (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*