# PPP loan: ORTEQ ENERGY TECHNOLOGIES, LLC
> **$1.27M** approved 04/07/2020 · Paid in Full · Loan `6466317003`
## Borrower
- **Name:** ORTEQ ENERGY TECHNOLOGIES, LLC
- **Address:** 3401 HIGHWAY 82, GAINESVILLE, TX, 76240-2001
- **NAICS:** 424720
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.27M
- **Initial approval:** $1.27M
- **Forgiven:** $1.28M (101%)
- **Forgiveness date:** 11/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.02M
- **Rent:** $95K
- **Utilities:** $95K
- **Health care:** $64K
- **Jobs reported:** 84
## Lender
- **Originating:** First State Bank
- **Servicing:** First State Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*