# PPP loan: QUASAR ENERGY SERVICES, INC.
> **$3.32M** approved 04/07/2020 · Paid in Full · Loan `6484807001`
## Borrower
- **Name:** QUASAR ENERGY SERVICES, INC.
- **Address:** 3288 FM 51, GAINESVILLE, TX, 76240-6743
- **NAICS:** 213112
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.32M
- **Initial approval:** $3.32M
- **Forgiven:** $3.35M (101%)
- **Forgiveness date:** 05/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.32M
- **Jobs reported:** 165
## 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*