# PPP loan: LANE ELECTRIC, INC.
> **$260K** approved 04/06/2020 · Paid in Full · Loan `6239037002`
## Borrower
- **Name:** LANE ELECTRIC, INC.
- **Address:** 1905 FAWCETT CT, FARMINGTON, NM, 87401-1898
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $260K
- **Initial approval:** $260K
- **Forgiven:** $261K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $260K
- **Jobs reported:** 18
## Lender
- **Originating:** The Citizens Bank
- **Servicing:** The Citizens Bank (NM)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*