# PPP loan: MCDOWELL OWENS ENGINEERING, INC.
> **$300K** approved 05/01/2020 · Paid in Full · Loan `1112687706`
## Borrower
- **Name:** MCDOWELL OWENS ENGINEERING, INC.
- **Address:** 740 E 13th St, Houston, TX, 77008
- **NAICS:** 541330
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $300K
- **Initial approval:** $300K
- **Forgiven:** $302K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $226K
- **Rent:** $32K
- **Utilities:** $4K
- **Health care:** $38K
- **Jobs reported:** 13
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*