# PPP loan: MILESTONE ELECTRIC, INC.
> **$5.62M** approved 04/08/2020 · Paid in Full · Loan `8205367008`
## Borrower
- **Name:** MILESTONE ELECTRIC, INC.
- **Address:** 2360 CRIST RD STE B900, GARLAND, TX, 75040-3704
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $5.62M
- **Initial approval:** $5.62M
- **Forgiven:** $5.69M (101%)
- **Forgiveness date:** 07/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $5.10M
- **Rent:** $170K
- **Utilities:** $110K
- **Health care:** $160K
- **Debt interest:** $75K
- **Jobs reported:** 374
## Lender
- **Originating:** HomeBank Texas
- **Servicing:** HomeBank Texas (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*