# PPP loan: SPECIALTY ELECTRIC, INC.
> **$312K** approved 04/08/2020 · Paid in Full · Loan `8057107008`
## Borrower
- **Name:** SPECIALTY ELECTRIC, INC.
- **Address:** 1313 ESPANOLA ST NE, ALBUQUERQUE, NM, 87110-7211
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $312K
- **Initial approval:** $312K
- **Forgiven:** $314K (101%)
- **Forgiveness date:** 03/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $312K
- **Jobs reported:** 23
## Lender
- **Originating:** Main Bank
- **Servicing:** Main Bank (NM)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*