# PPP loan: INDUSTRIAL INSTRUMENTATION AND ELECTRIC, INC.
> **$1.17M** approved 04/05/2020 · Paid in Full · Loan `5523957010`
## Borrower
- **Name:** INDUSTRIAL INSTRUMENTATION AND ELECTRIC, INC.
- **Address:** 1319 1ST ST, LA MARQUE, TX, 77568-4243
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.17M
- **Initial approval:** $1.17M
- **Forgiven:** $1.18M (101%)
- **Forgiveness date:** 03/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.16M
- **Mortgage interest:** $3K
- **Utilities:** $1K
- **Debt interest:** $2K
- **Jobs reported:** 71
## Lender
- **Originating:** Texas First Bank
- **Servicing:** Texas First Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*