# PPP loan: KTX ELECTRIC, LLC
> **$862K** approved 04/05/2020 · Paid in Full · Loan `5153047010`
## Borrower
- **Name:** KTX ELECTRIC, LLC
- **Address:** 3700 N County Rd 1150, MIDLAND, TX, 79705-9563
- **NAICS:** 811310
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $862K
- **Initial approval:** $862K
- **Forgiven:** $868K (101%)
- **Forgiveness date:** 01/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $862K
- **Jobs reported:** 56
## Lender
- **Originating:** Prosperity Bank
- **Servicing:** Prosperity Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*