# PPP loan: KENSINGTON ELECTRONICS DISTRIBUTION, INC
> **$272K** approved 04/27/2020 · Paid in Full · Loan `5810697203`
## Borrower
- **Name:** KENSINGTON ELECTRONICS DISTRIBUTION, INC
- **Address:** 11801 Stonehollow Dr. Ste. 150, Austin, TX, 78758-3168
- **NAICS:** 423690
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $272K
- **Initial approval:** $272K
- **Forgiven:** $274K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $217K
- **Mortgage interest:** $54K
- **Jobs reported:** 26
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*