# PPP loan: RADLEY ELECTRIC INC
> **$593K** approved 01/25/2021 · Paid in Full · Loan `5774808306`
## Borrower
- **Name:** RADLEY ELECTRIC INC
- **Address:** 22942 Highway 105, Sour Lake, TX, 77659-5936
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $593K
- **Initial approval:** $593K
- **Forgiven:** $597K (101%)
- **Forgiveness date:** 11/10/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $593K
- **Utilities:** $1
- **Jobs reported:** 17
## Lender
- **Originating:** Third Coast Bank
- **Servicing:** Third Coast Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*