# PPP loan: GERARD ELECTRIC, LLC
> **$386K** approved 04/07/2020 · Paid in Full · Loan `6746807002`
## Borrower
- **Name:** GERARD ELECTRIC, LLC
- **Address:** 14275 INTERSTATE 10, SCHERTZ, TX, 78154-5151
- **NAICS:** 238210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $386K
- **Initial approval:** $386K
- **Forgiven:** $389K (101%)
- **Forgiveness date:** 02/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $386K
- **Jobs reported:** 50
## Lender
- **Originating:** American Bank National Association
- **Servicing:** American Bank, National Association (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*