Jay-Reese Contractors, Inc.

$875,000 PPP Loan in Dripping Springs, Texas

Loan Details

Loan Number
7449497210
Date Approved
Apr 28, 2020
Loan Status
Paid in Full
Initial Approval
$875,000
Current Approval
$875,000
Forgiveness Amount
$886,788
Forgiveness Date
Aug 30, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Jay-Reese Contractors, Inc.
Address
32780 Ranch Rd 12
State
Texas
ZIP Code
78620
Business Type
Corporation
Industry (NAICS)
Construction (236220)
Business Age
Existing or more than 2 years old
Jobs Reported
61
Estimated Revenue
$69.5M
Rural/Urban
Rural
Congressional District
TX-25

Loan Use Breakdown

Payroll
$656,250
Rent
$109,375
Utilities
$109,375

Lender Information

Servicing Lender
Pnc Bank, National Association
Originating Lender
First Source Federal Credit Union

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