# PPP loan: WAYNE'S ELECTRIC INC
> **$1.68M** approved 04/08/2020 · Paid in Full · Loan `8214697004`
## Borrower
- **Name:** WAYNE'S ELECTRIC INC
- **Address:** 2101 COUNTY ROAD 27, FORT LUPTON, CO, 80621-8311
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.68M
- **Initial approval:** $1.68M
- **Forgiven:** $1.69M (101%)
- **Forgiveness date:** 11/19/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.40M
- **Rent:** $50K
- **Utilities:** $80K
- **Health care:** $150K
- **Jobs reported:** 112
## Lender
- **Originating:** TBK Bank, SSB
- **Servicing:** TBK Bank, SSB (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*