#1 QUALITY ELECTRIC INC (TX) - 2020 PPP Loan Borrower Profile (# 8530387301)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to #1 QUALITY ELECTRIC INC. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Texas.

Loan Detail

Loan Number

8530387301

SBA Office Code

0639

Processing Method

PPP

Curent Loan Amount

$200,000

Date Loan was Approved

May 1, 2020

Amount Forgiven

$201,358.9

Date Loan was Forgiven

Jan 8, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

200,000

Lender

Texas Regional Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

238210

Borrower Location

HARLINGEN, TX

Project Location

HARLINGEN, TX

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.