# PPP loan: ALPHA ELECTRIC COMPANY
> **$427K** approved 02/05/2021 · Paid in Full · Loan `4048888407`
## Borrower
- **Name:** ALPHA ELECTRIC COMPANY
- **Address:** 901 W 18th St, Houston, TX, 77008-3336
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $427K
- **Initial approval:** $427K
- **Forgiven:** $430K (101%)
- **Forgiveness date:** 11/08/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $427K
- **Utilities:** $1
- **Jobs reported:** 32
## Lender
- **Originating:** Stellar Bank
- **Servicing:** Stellar Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*