# PPP loan: ELCO ENERGY, LLC
> **$530K** approved 04/05/2020 · Paid in Full · Loan `5428637010`
## Borrower
- **Name:** ELCO ENERGY, LLC
- **Address:** 1007 E Tascosa Ave, KERMIT, TX, 79745-3504
- **NAICS:** 221118
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $530K
- **Initial approval:** $530K
- **Forgiven:** $535K (101%)
- **Forgiveness date:** 02/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $397K
- **Utilities:** $132K
- **Jobs reported:** 30
## Lender
- **Originating:** First Financial Bank
- **Servicing:** First Financial Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*