# PPP loan: DACO FIRE EQUIPMENT, INC.
> **$283K** approved 04/08/2020 · Paid in Full · Loan `7790027006`
## Borrower
- **Name:** DACO FIRE EQUIPMENT, INC.
- **Address:** 201 AVENUE R, LUBBOCK, TX, 79408-4064
- **NAICS:** 336211
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $283K
- **Initial approval:** $283K
- **Forgiven:** $287K (101%)
- **Forgiveness date:** 08/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $227K
- **Rent:** $28K
- **Utilities:** $28K
- **Jobs reported:** 44
## Lender
- **Originating:** City Bank
- **Servicing:** City Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*