# PPP loan: SPIKE ELECTRIC AND CONTROLS, LLC
> **$489K** approved 04/09/2020 · Paid in Full · Loan `8923567003`
## Borrower
- **Name:** SPIKE ELECTRIC AND CONTROLS, LLC
- **Address:** 5914 E Sam Houston PKWY S 0.0, Houston, TX, 77034-5561
- **NAICS:** 423990
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $489K
- **Initial approval:** $489K
- **Forgiven:** $496K (101%)
- **Forgiveness date:** 10/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $404K
- **Rent:** $34K
- **Mortgage interest:** $16K
- **Utilities:** $5K
- **Health care:** $30K
- **Jobs reported:** 39
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*