# PPP loan: GLOBAL ELECTRIC SERVICES, INC.
> **$196K** approved 04/07/2020 · Paid in Full · Loan `7054787002`
## Borrower
- **Name:** GLOBAL ELECTRIC SERVICES, INC.
- **Address:** 912 Prairie Trail, AUSTIN, TX, 78758-4342
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $196K
- **Initial approval:** $196K
- **Forgiven:** $198K (101%)
- **Forgiveness date:** 03/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $189K
- **Rent:** $5K
- **Debt interest:** $2K
- **Jobs reported:** 18
## Lender
- **Originating:** Lone Star Capital Bank, National Association
- **Servicing:** Lone Star Capital Bank, National Association (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*