# PPP loan: ROBERT LLOYD ELECTRIC CO. INC.
> **$250K** approved 04/06/2020 · Paid in Full · Loan `5993707010`
## Borrower
- **Name:** ROBERT LLOYD ELECTRIC CO. INC.
- **Address:** 2615 GRANT ST, WICHITA FALLS, TX, 76309-5304
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $250K
- **Initial approval:** $250K
- **Forgiven:** $253K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $250K
- **Jobs reported:** 6
## Lender
- **Originating:** Prosperity Bank
- **Servicing:** Prosperity Bank (TX)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*