# PPP loan: POWER TECH ELECTRICAL SALES, INC.
> **$207K** approved 04/05/2020 · Paid in Full · Loan `5403907001`
## Borrower
- **Name:** POWER TECH ELECTRICAL SALES, INC.
- **Address:** 8920 N. Royal Ln., Irving, TX, 75063-2545
- **NAICS:** 423610
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $207K
- **Initial approval:** $207K
- **Forgiven:** $208K (101%)
- **Forgiveness date:** 11/24/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $185K
- **Rent:** $10K
- **Health care:** $12K
- **Jobs reported:** 15
## Lender
- **Originating:** First State Bank
- **Servicing:** First State Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*