# PPP loan: K. THOMPSON ELECTRIC INC
> **$1.14M** approved 04/15/2020 · Paid in Full · Loan `9871347107`
## Borrower
- **Name:** K. THOMPSON ELECTRIC INC
- **Address:** 670 International Parkway Suite 140, Richardson, TX, 75081
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Startup, Loan Funds will Open Business
## Loan
- **Approval amount:** $1.14M
- **Initial approval:** $1.14M
- **Forgiven:** $1.15M (101%)
- **Forgiveness date:** 01/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.14M
- **Jobs reported:** 100
## Lender
- **Originating:** Broadstreet Bank SSB
- **Servicing:** Broadstreet Bank SSB (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*