# PPP loan: L-E ELECTRIC INC.
> **$809K** approved 02/10/2021 · Paid in Full · Loan `6490528406`
## Borrower
- **Name:** L-E ELECTRIC INC.
- **Address:** 4558 Gerald Dr, Las Cruces, NM, 88007-5312
- **NAICS:** 561790
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $809K
- **Initial approval:** $809K
- **Forgiven:** $816K (101%)
- **Forgiveness date:** 01/31/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $809K
- **Jobs reported:** 153
## Lender
- **Originating:** Citizens Bank of Las Cruces
- **Servicing:** Citizens Bank of Las Cruces (NM)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*