# PPP loan: PRIME ACRES MANAGEMENT, INC.
> **$429K** approved 04/10/2020 · Paid in Full · Loan `1721957100`
## Borrower
- **Name:** PRIME ACRES MANAGEMENT, INC.
- **Address:** 105 North Pecan, WOODVILLE, TX, 75979-5220
- **NAICS:** 115310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $429K
- **Initial approval:** $429K
- **Forgiven:** $432K (101%)
- **Forgiveness date:** 02/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $321K
- **Mortgage interest:** $54K
- **Utilities:** $54K
- **Jobs reported:** 36
## Lender
- **Originating:** Citizens State Bank
- **Servicing:** Citizens State Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*