# PPP loan: CORROSION PRODUCTS OF TEXAS INC.
> **$234K** approved 03/28/2021 · Paid in Full · Loan `2089828702`
## Borrower
- **Name:** CORROSION PRODUCTS OF TEXAS INC.
- **Address:** 2003A Preston Ave, Pasadena, TX, 77503-2922
- **NAICS:** 326122
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $234K
- **Initial approval:** $234K
- **Forgiven:** $235K (101%)
- **Forgiveness date:** 10/25/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $234K
- **Utilities:** $1
- **Jobs reported:** 12
## Lender
- **Originating:** Capital Bank
- **Servicing:** Capital Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*