# PPP loan: BOWEN ELECTRIC CO INC
> **$657K** approved 04/08/2020 · Paid in Full · Loan `8798067006`
## Borrower
- **Name:** BOWEN ELECTRIC CO INC
- **Address:** 324 COTTON DR, WACO, TX, 76712-6705
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $657K
- **Initial approval:** $657K
- **Forgiven:** $662K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $657K
- **Jobs reported:** 70
## Lender
- **Originating:** Community Bank & Trust, Waco, Texas
- **Servicing:** Community Bank & Trust, Waco, Texas (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*