# PPP loan: 3-W ELECTRIC, INC.
> **$245K** approved 04/08/2020 · Paid in Full · Loan `8106077009`
## Borrower
- **Name:** 3-W ELECTRIC, INC.
- **Address:** 4004 N COUNTY ROAD 1247, MIDLAND, TX, 79707-9119
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $245K
- **Initial approval:** $245K
- **Forgiven:** $248K (101%)
- **Forgiveness date:** 04/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $245K
- **Jobs reported:** 24
## Lender
- **Originating:** SouthWest Bank
- **Servicing:** SouthWest Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*