# PPP loan: KV POWER, LLC
> **$8.90M** approved 04/14/2020 · Paid in Full · Loan `6069637110`
## Borrower
- **Name:** KV POWER, LLC
- **Address:** 1828 NW Ave F, ANDREWS, TX, 79714
- **NAICS:** 213112
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $8.90M
- **Initial approval:** $9.26M
- **Forgiven:** $9.01M (101%)
- **Forgiveness date:** 06/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $7.12M
- **Mortgage interest:** $890K
- **Utilities:** $890K
- **Jobs reported:** 500
## Lender
- **Originating:** Gulf Capital Bank
- **Servicing:** Gulf Capital Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*