# PPP loan: M. & D. ELECTRIC COMPANY
> **$420K** approved 04/28/2020 · Paid in Full · Loan `8501997210`
## Borrower
- **Name:** M. & D. ELECTRIC COMPANY
- **Address:** 250 Hwy 326 N, Sour Lake, TX, 77659-5727
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $420K
- **Initial approval:** $420K
- **Forgiven:** $423K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $420K
- **Jobs reported:** 34
## Lender
- **Originating:** Third Coast Bank
- **Servicing:** Third Coast Bank (TX)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*