Farouk Systems INC

$7,329,662 PPP Loan in Houston, Texas

Loan Details

Loan Number
5134757702
Date Approved
May 1, 2020
Loan Status
Paid in Full
Initial Approval
$7,329,662
Current Approval
$7,329,662
Forgiveness Amount
$7,414,405
Forgiveness Date
Jul 2, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Farouk Systems INC
Address
250 Pennbright Dr Ste 150
State
Texas
ZIP Code
77090
Business Type
Sole Proprietorship
Industry (NAICS)
Manufacturing (325620)
Business Age
New Business or 2 years or less
Jobs Reported
500
Estimated Revenue
$495.9M
Rural/Urban
Urban
Congressional District
TX-18

Loan Use Breakdown

Payroll
$7,329,662

Lender Information

Servicing Lender
Bank of America, National Association
Originating Lender
Bank of America, National Association

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