# PPP loan: DVANCED ELECTRICAL SYSTEMS, INC.
> **$602K** approved 04/15/2020 · Paid in Full · Loan `9316017103`
## Borrower
- **Name:** DVANCED ELECTRICAL SYSTEMS, INC.
- **Address:** 1093 BRIGGS RD, KILLEEN, TX, 76549-3340
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $602K
- **Initial approval:** $602K
- **Forgiven:** $609K (101%)
- **Forgiveness date:** 05/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $602K
- **Jobs reported:** 59
## Lender
- **Originating:** VeraBank, National Association
- **Servicing:** VeraBank, National Association (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*