# PPP loan: INDUSTRIAL INSTRUMENTATION AND ELECTRICAL INC.
> **$1.02M** approved 03/02/2021 · Paid in Full · Loan `6008508501`
## Borrower
- **Name:** INDUSTRIAL INSTRUMENTATION AND ELECTRICAL INC.
- **Address:** 1319 1st St, La Marque, TX, 77568-4243
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.02M
- **Initial approval:** $1.02M
- **Forgiven:** $1.03M (101%)
- **Forgiveness date:** 12/23/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.02M
- **Utilities:** $1
- **Jobs reported:** 48
## Lender
- **Originating:** Texas First Bank
- **Servicing:** Texas First Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*