# PPP loan: SCOTT ELECTRIC COMPANY
> **$4.89M** approved 04/07/2020 · Paid in Full · Loan `7482617004`
## Borrower
- **Name:** SCOTT ELECTRIC COMPANY
- **Address:** 2001 N. PORT AVE, CORPUS CHRISTI, TX, 78401-1205
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.89M
- **Initial approval:** $4.89M
- **Forgiven:** $4.95M (101%)
- **Forgiveness date:** 09/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $4.89M
- **Jobs reported:** 321
## Lender
- **Originating:** Frost Bank
- **Servicing:** Frost Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*