# PPP loan: X-FAB TEXAS, INC.
> **$6.56M** approved 04/13/2020 · Paid in Full · Loan `4221587104`
## Borrower
- **Name:** X-FAB TEXAS, INC.
- **Address:** 2301 N University Ave, LUBBOCK, TX, 79415-1717
- **NAICS:** 331524
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $6.56M
- **Initial approval:** $6.56M
- **Forgiven:** $6.64M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $5.11M
- **Utilities:** $750K
- **Health care:** $700K
- **Jobs reported:** 422
## Lender
- **Originating:** PlainsCapital Bank
- **Servicing:** PlainsCapital Bank (TX)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*