# PPP loan: LUBBOCK ELECTRIC CO, INC
> **$991K** approved 04/04/2020 · Paid in Full · Loan `4903067000`
## Borrower
- **Name:** LUBBOCK ELECTRIC CO, INC
- **Address:** 1108 34TH ST, LUBBOCK, TX, 79411-2731
- **NAICS:** 423610
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $991K
- **Initial approval:** $991K
- **Forgiven:** $998K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $793K
- **Rent:** $99K
- **Utilities:** $99K
- **Jobs reported:** 83
## Lender
- **Originating:** City Bank
- **Servicing:** City Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*