# PPP loan: FERPA PRECISION MACHINE, INC.
> **$365K** approved 04/15/2020 · Paid in Full · Loan `1513267209`
## Borrower
- **Name:** FERPA PRECISION MACHINE, INC.
- **Address:** 1402 HUGH RD, HOUSTON, TX, 77067-1404
- **NAICS:** 811310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $365K
- **Initial approval:** $365K
- **Forgiven:** $369K (101%)
- **Forgiveness date:** 05/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $335K
- **Rent:** $10K
- **Utilities:** $6K
- **Health care:** $14K
- **Jobs reported:** 44
## Lender
- **Originating:** Independent Bank d/b/a Independent Financial
- **Servicing:** Independent Bank d/b/a Independent Financial (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*