# PPP loan: INDECO INDUSTRIAL ELECTRIC
> **$292K** approved 04/07/2020 · Paid in Full · Loan `7201167005`
## Borrower
- **Name:** INDECO INDUSTRIAL ELECTRIC
- **Address:** 65 E AVENUE K, SAN ANGELO, TX, 76903-7572
- **NAICS:** 423610
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $292K
- **Initial approval:** $292K
- **Forgiven:** $295K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $219K
- **Utilities:** $73K
- **Jobs reported:** 20
## Lender
- **Originating:** First Financial Bank
- **Servicing:** First Financial Bank (TX)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*