# PPP loan: CLARENCE DAILEY ELECTRIC, INC.
> **$254K** approved 04/06/2020 · Paid in Full · Loan `5879357008`
## Borrower
- **Name:** CLARENCE DAILEY ELECTRIC, INC.
- **Address:** 1206 INDIANA AVE, WICHITA FALLS, TX, 76301-4645
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $254K
- **Initial approval:** $254K
- **Forgiven:** $256K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $254K
- **Jobs reported:** 26
## Lender
- **Originating:** First Bank
- **Servicing:** First Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*