# PPP loan: LECTRON, LLC
> **$250K** approved 04/27/2020 · Paid in Full · Loan `4232847203`
## Borrower
- **Name:** LECTRON, LLC
- **Address:** 2900 COUNTY ROAD 3419, HAWKINS, TX, 75765
- **NAICS:** 333618
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $250K
- **Initial approval:** $250K
- **Forgiven:** $252K (101%)
- **Forgiveness date:** 12/15/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $200K
- **Rent:** $8K
- **Utilities:** $1K
- **Health care:** $16K
- **Debt interest:** $25K
- **Jobs reported:** 23
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*