# PPP loan: WELLS SOLAR & ELECTRICAL SERVICES LLC
> **$1.03M** approved 04/30/2020 · Paid in Full · Loan `7042547308`
## Borrower
- **Name:** WELLS SOLAR & ELECTRICAL SERVICES LLC
- **Address:** 3900 Drossett Dr, Austin, TX, 78744
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.03M
- **Initial approval:** $1.03M
- **Forgiven:** $1.04M (101%)
- **Forgiveness date:** 04/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $947K
- **Rent:** $26K
- **Utilities:** $5K
- **Health care:** $51K
- **Jobs reported:** 71
## Lender
- **Originating:** American Express National Bank
- **Servicing:** American Express National Bank (UT)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*