# PPP loan: MULTI ELECTRIC CO
> **$183K** approved 04/13/2020 · Paid in Full · Loan `5119497110`
## Borrower
- **Name:** MULTI ELECTRIC CO
- **Address:** 1202 HALLMARK DR STE 301, SAN ANTONIO, TX, 78216-6016
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $183K
- **Initial approval:** $183K
- **Forgiven:** $186K (101%)
- **Forgiveness date:** 10/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $138K
- **Rent:** $23K
- **Utilities:** $23K
- **Jobs reported:** 21
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*