# PPP loan: LONG ELECTRIC CO
> **$385K** approved 04/28/2020 · Paid in Full · Loan `8037017204`
## Borrower
- **Name:** LONG ELECTRIC CO
- **Address:** 781 US HIGHWAY 80 E, ABILENE, TX, 79601-6111
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $385K
- **Initial approval:** $385K
- **Forgiven:** $387K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $289K
- **Utilities:** $96K
- **Jobs reported:** 45
## Lender
- **Originating:** First Financial Bank
- **Servicing:** First Financial Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*