# PPP loan: ROBCO ELECTRIC, INC.
> **$1.87M** approved 04/08/2020 · Paid in Full · Loan `8808667003`
## Borrower
- **Name:** ROBCO ELECTRIC, INC.
- **Address:** 5692 LA COSTA CANYON CT SUITE 105, LAS VEGAS, NV, 89139-6983
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.87M
- **Initial approval:** $1.87M
- **Forgiven:** $1.88M (101%)
- **Forgiveness date:** 11/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.40M
- **Rent:** $233K
- **Debt interest:** $233K
- **Jobs reported:** 128
## Lender
- **Originating:** Meadows Bank
- **Servicing:** Meadows Bank (NV)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*