# PPP loan: VALSTAR ELECTRIC LLC
> **$156K** approved 04/28/2020 · Paid in Full · Loan `6473057202`
## Borrower
- **Name:** VALSTAR ELECTRIC LLC
- **Address:** 6565 S Interstate 35, Gainesville, TX, 76240-8223
- **NAICS:** 238210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $156K
- **Initial approval:** $156K
- **Forgiven:** $157K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $152K
- **Rent:** $3K
- **Utilities:** $868
- **Jobs reported:** 18
## Lender
- **Originating:** Muenster State Bank
- **Servicing:** Muenster State Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*