# PPP loan: MATRIX ELECTRIC INC.
> **$193K** approved 04/08/2020 · Paid in Full · Loan `8812037005`
## Borrower
- **Name:** MATRIX ELECTRIC INC.
- **Address:** 2283 WAYNOKA RD Suite A, COLORADO SPRINGS, CO, 80915-1604
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $193K
- **Initial approval:** $193K
- **Forgiven:** $195K (101%)
- **Forgiveness date:** 06/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $193K
- **Jobs reported:** 26
## Lender
- **Originating:** FirstBank
- **Servicing:** FirstBank (CO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*