# PPP loan: DAVIDS QUALITY ELECTRIC INC.
> **$480K** approved 04/07/2020 · Paid in Full · Loan `6558687006`
## Borrower
- **Name:** DAVIDS QUALITY ELECTRIC INC.
- **Address:** 1751 SE 16th, AMARILLO, TX, 79102
- **NAICS:** 811118
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $480K
- **Initial approval:** $480K
- **Forgiven:** $484K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $480K
- **Jobs reported:** 24
## Lender
- **Originating:** First United Bank
- **Servicing:** First United Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*