Paynecon INC

$588,700 PPP Loan in Midlothian, Texas

Loan Details

Loan Number
9022777004
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$588,700
Current Approval
$588,700
Forgiveness Amount
$592,410
Forgiveness Date
Dec 4, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Paynecon INC
Address
3411 Fm 663
State
Texas
ZIP Code
76065-5983
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (238110)
Business Age
Existing or more than 2 years old
Jobs Reported
53
Estimated Revenue
$12.3M
Rural/Urban
Rural
Congressional District
TX-06

Loan Use Breakdown

Payroll
$544,135
Rent
$10,016
Utilities
$800
Health Care
$29,585
Debt Interest
$4,164

Lender Information

Servicing Lender
Interbank
Originating Lender
Interbank

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