# PPP loan: AM-TEX ELECTRIC
> **$1.37M** approved 04/13/2020 · Paid in Full · Loan `5317517104`
## Borrower
- **Name:** AM-TEX ELECTRIC
- **Address:** 300 S. Travis, AMARILLO, TX, 79106
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.37M
- **Initial approval:** $1.37M
- **Forgiven:** $1.38M (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.03M
- **Rent:** $172K
- **Utilities:** $172K
- **Jobs reported:** 78
## Lender
- **Originating:** First United Bank
- **Servicing:** First United Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*