# PPP loan: W. K. JENNINGS ELECTRIC CO., INC.
> **$450K** approved 06/26/2020 · Exemption 4 · Loan `5059588008`
## Borrower
- **Name:** W. K. JENNINGS ELECTRIC CO., INC.
- **Address:** 1707 DUNGAN LN, AUSTIN, TX, 78754-4025
- **NAICS:** 238990
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $450K
- **Initial approval:** $450K
- **Forgiven:** $383K (85%)
- **Forgiveness date:** 10/19/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $450K
- **Jobs reported:** 17
## Lender
- **Originating:** Intuit Financing Inc.
- **Servicing:** Quontic Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*