# PPP loan: MEGA POWER ELECTRIC, LLC
> **$265K** approved 04/13/2020 · Paid in Full · Loan `4438707104`
## Borrower
- **Name:** MEGA POWER ELECTRIC, LLC
- **Address:** 3221 National Park Hwy, CARLSBAD, NM, 88220-5354
- **NAICS:** 238210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $265K
- **Initial approval:** $265K
- **Forgiven:** $267K (101%)
- **Forgiveness date:** 04/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $265K
- **Jobs reported:** 15
## Lender
- **Originating:** First American Bank
- **Servicing:** First American Bank (NM)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*