# PPP loan: EGW UTILITIES INC
> **$753K** approved 04/05/2020 · Paid in Full · Loan `5373437000`
## Borrower
- **Name:** EGW UTILITIES INC
- **Address:** 1406 Hutton DR, CARROLLTON, TX, 75006-6604
- **NAICS:** 423830
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $753K
- **Initial approval:** $753K
- **Forgiven:** $757K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $567K
- **Rent:** $80K
- **Utilities:** $25K
- **Health care:** $45K
- **Debt interest:** $36K
- **Jobs reported:** 48
## Lender
- **Originating:** Texas Security Bank
- **Servicing:** Texas Security Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*