# PPP loan: GENERAL ELECTRICAL SERVICES OF TEXAS INC
> **$471K** approved 04/11/2020 · Paid in Full · Loan `2957747108`
## Borrower
- **Name:** GENERAL ELECTRICAL SERVICES OF TEXAS INC
- **Address:** 10001 S FM 1541, AMARILLO, TX, 79118-6009
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $471K
- **Initial approval:** $471K
- **Forgiven:** $475K (101%)
- **Forgiveness date:** 02/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $354K
- **Mortgage interest:** $71K
- **Utilities:** $47K
- **Jobs reported:** 32
## Lender
- **Originating:** FirstBank Southwest
- **Servicing:** FirstBank Southwest (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*