# PPP loan: BROUGHTON ELECTRIC, INC.
> **$1.03M** approved 04/09/2020 · Paid in Full · Loan `9837697005`
## Borrower
- **Name:** BROUGHTON ELECTRIC, INC.
- **Address:** 15256 STATE HIGHWAY 234, ODEM, TX, 78370-4272
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.03M
- **Initial approval:** $1.03M
- **Forgiven:** $856K (83%)
- **Forgiveness date:** 03/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $725K
- **Rent:** $20K
- **Utilities:** $49K
- **Health care:** $238K
- **Jobs reported:** 60
## Lender
- **Originating:** First State Bank of Odem
- **Servicing:** First State Bank of Odem (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*