Southwest Erosion Control, Inc.

$1,244,500 PPP Loan in Mckinney, Texas

Loan Details

Loan Number
7565857001
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$1,244,500
Current Approval
$1,244,500
Forgiveness Amount
$1,252,002
Forgiveness Date
Nov 17, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Southwest Erosion Control, Inc.
Address
6251 Fm 2478
State
Texas
ZIP Code
75071-3022
Business Type
Corporation
Industry (NAICS)
Construction (236210)
Business Age
Existing or more than 2 years old
Jobs Reported
130
Estimated Revenue
$148.1M
Rural/Urban
Urban
Congressional District
TX-03

Loan Use Breakdown

Payroll
$1,134,327
Rent
$87,500
Utilities
$22,673

Lender Information

Servicing Lender
Independent Bank D/b/a Independent Financial
Originating Lender
Independent Bank D/b/a Independent Financial

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