# PPP loan: NEON ELECTRIC CORPORATION
> **$507K** approved 04/07/2020 · Paid in Full · Loan `7655317007`
## Borrower
- **Name:** NEON ELECTRIC CORPORATION
- **Address:** 1122 Lauder Road, HOUSTON, TX, 77039-2902
- **NAICS:** 332312
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $507K
- **Initial approval:** $507K
- **Forgiven:** $512K (101%)
- **Forgiveness date:** 03/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $507K
- **Jobs reported:** 48
## Lender
- **Originating:** SouthTrust Bank, National Association
- **Servicing:** SouthTrust Bank, National Association (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*