# PPP loan: HAYS ELECTRICAL SERVICES INC
> **$1.11M** approved 04/09/2020 · Paid in Full · Loan `1098997109`
## Borrower
- **Name:** HAYS ELECTRICAL SERVICES INC
- **Address:** 5939 ALBERT DR, HUMBLE, TX, 77396-2072
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.11M
- **Initial approval:** $1.12M
- **Forgiven:** $1.12M (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $928K
- **Rent:** $179K
- **Utilities:** $2K
- **Jobs reported:** 115
## Lender
- **Originating:** Independent Bank d/b/a Independent Financial
- **Servicing:** Independent Bank d/b/a Independent Financial (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*