# PPP loan: MIKE TEMPLE ELECTRIC INC
> **$464K** approved 04/14/2020 · Paid in Full · Loan `7659947103`
## Borrower
- **Name:** MIKE TEMPLE ELECTRIC INC
- **Address:** PO Box 3367, LUBBOCK, TX, 79452
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $464K
- **Initial approval:** $464K
- **Forgiven:** $468K (101%)
- **Forgiveness date:** 03/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $450K
- **Rent:** $4K
- **Utilities:** $2K
- **Health care:** $8K
- **Jobs reported:** 49
## Lender
- **Originating:** PlainsCapital Bank
- **Servicing:** PlainsCapital Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*