# PPP loan: EC ELECTRIC, INC.
> **$720K** approved 04/03/2020 · Paid in Full · Loan `4436897002`
## Borrower
- **Name:** EC ELECTRIC, INC.
- **Address:** 2535 PINYON AVE, GRAND JUNCTION, CO, 81505-6914
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $720K
- **Initial approval:** $720K
- **Forgiven:** $724K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $576K
- **Mortgage interest:** $72K
- **Utilities:** $72K
- **Jobs reported:** 55
## Lender
- **Originating:** Home Loan State Bank
- **Servicing:** Home Loan State Bank (CO)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*