# PPP loan: FALLS TECH, INC.
> **$1.78M** approved 04/03/2020 · Paid in Full · Loan `4348117002`
## Borrower
- **Name:** FALLS TECH, INC.
- **Address:** 2700 Commerce, WICHITA FALLS, TX, 76301-8051
- **NAICS:** 423450
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.78M
- **Initial approval:** $1.85M
- **Forgiven:** $1.79M (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.78M
- **Jobs reported:** 129
## Lender
- **Originating:** Prosperity Bank
- **Servicing:** Prosperity Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*