# PPP loan: MARTIN ELECTRIC COMPANY INC
> **$331K** approved 04/15/2020 · Paid in Full · Loan `8107007110`
## Borrower
- **Name:** MARTIN ELECTRIC COMPANY INC
- **Address:** 1504 W. JACKSON ST, EL CAMPO, TX, 77437-9310
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $331K
- **Initial approval:** $331K
- **Forgiven:** $333K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $331K
- **Jobs reported:** 27
## Lender
- **Originating:** The First State Bank
- **Servicing:** The First State Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*