# PPP loan: NATIONAL ELECTRIC COIL INC
> **$3.58M** approved 04/08/2020 · Paid in Full · Loan `8631317007`
## Borrower
- **Name:** NATIONAL ELECTRIC COIL INC
- **Address:** 3330 E 14TH ST, BROWNSVILLE, TX, 78521-3232
- **NAICS:** 423830
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.58M
- **Initial approval:** $3.58M
- **Forgiven:** $3.62M (101%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.58M
- **Jobs reported:** 296
## Lender
- **Originating:** International Bank of Commerce
- **Servicing:** International Bank of Commerce (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*