# PPP loan: STENCE ELECTRIC, INC.
> **$293K** approved 04/06/2020 · Paid in Full · Loan `5868557003`
## Borrower
- **Name:** STENCE ELECTRIC, INC.
- **Address:** 1001 W. 2nd St., TAYLOR, TX, 76574-2428
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $293K
- **Initial approval:** $293K
- **Forgiven:** $295K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $293K
- **Jobs reported:** 20
## Lender
- **Originating:** The City National Bank of Taylor
- **Servicing:** The City National Bank of Taylor (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*