# PPP loan: MCELVAIN ENERGY, INC.
> **$246K** approved 04/13/2020 · Paid in Full · Loan `5711407104`
## Borrower
- **Name:** MCELVAIN ENERGY, INC.
- **Address:** 1600 Stout Street, Suite 500, Denver, CO, 80202-1575
- **NAICS:** 213111
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $246K
- **Initial approval:** $246K
- **Forgiven:** $248K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $206K
- **Mortgage interest:** $37K
- **Utilities:** $3K
- **Jobs reported:** 11
## Lender
- **Originating:** Texas Capital Bank
- **Servicing:** Texas Capital Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*