# PPP loan: MEGA POWER ELECTRIC, LLC
> **$243K** approved 02/17/2021 · Charged Off · Loan `9495668405`
## Borrower
- **Name:** MEGA POWER ELECTRIC, LLC
- **Address:** 3221 National Parks Hwy, Carlsbad, NM, 88220-5354
- **NAICS:** 238210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $243K
- **Initial approval:** $243K
- **Status:** Charged Off
- **Term:** 41 months
## Use of funds
- **Payroll:** $243K
- **Utilities:** $1
- **Jobs reported:** 11
## Lender
- **Originating:** First American Bank
- **Servicing:** First American Bank (NM)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*