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Broughton Electric, Inc.

$1,032,531 PPP Loan in Odem, Texas

Loan Details

Loan Number
9837697005
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$1,032,531
Current Approval
$1,032,531
Forgiveness Amount
$855,786
Forgiveness Date
Mar 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Broughton Electric, Inc.
Address
15256 State Highway 234
City
Odem
State
Texas
ZIP Code
78370-4272
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
60
Estimated Revenue
$19.7M
Rural/Urban
Urban
Congressional District
TX-27

Loan Use Breakdown

Payroll
$725,327
Rent
$20,000
Utilities
$49,087
Health Care
$238,117

Lender Information

Servicing Lender
First State Bank of Odem
Originating Lender
First State Bank of Odem

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