# PPP loan: MCCAFFETY ELECTRIC COMPANY INC.
> **$984K** approved 02/06/2021 · Paid in Full · Loan `4450458405`
## Borrower
- **Name:** MCCAFFETY ELECTRIC COMPANY INC.
- **Address:** 1711 Sycamore Ave, Huntsville, TX, 77340-5253
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $984K
- **Initial approval:** $984K
- **Forgiven:** $990K (101%)
- **Forgiveness date:** 09/14/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $984K
- **Utilities:** $1
- **Jobs reported:** 87
## Lender
- **Originating:** Lamar National Bank
- **Servicing:** Lamar National Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*