# PPP loan: GARY LECHNER ELECTRIC INC.
> **$372K** approved 04/01/2021 · Paid in Full · Loan `4724118700`
## Borrower
- **Name:** GARY LECHNER ELECTRIC INC.
- **Address:** 9623 McCullough Ave, San Antonio, TX, 78216-4444
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $372K
- **Initial approval:** $372K
- **Forgiven:** $375K (101%)
- **Forgiveness date:** 01/25/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $372K
- **Utilities:** $1
- **Jobs reported:** 30
## Lender
- **Originating:** Readycap Lending, LLC
- **Servicing:** Readycap Lending, LLC (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*