# PPP loan: G & G ELECTRIC SERVICE COMPANY
> **$385K** approved 04/15/2020 · Paid in Full · Loan `8724317104`
## Borrower
- **Name:** G & G ELECTRIC SERVICE COMPANY
- **Address:** 3805 WEATHERFORD HWY, GRANBURY, TX, 76049-1531
- **NAICS:** 811118
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $385K
- **Initial approval:** $410K
- **Forgiven:** $390K (101%)
- **Forgiveness date:** 07/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $328K
- **Rent:** $27K
- **Health care:** $30K
- **Jobs reported:** 47
## Lender
- **Originating:** Independent Bank d/b/a Independent Financial
- **Servicing:** Independent Bank d/b/a Independent Financial (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*