# PPP loan: JP TRANSMISSION RECYCLING INC
> **$215K** approved 04/10/2020 · Paid in Full · Loan `2125447109`
## Borrower
- **Name:** JP TRANSMISSION RECYCLING INC
- **Address:** 1220 DOWDY FERRY RD, HUTCHINS, TX, 75141-4023
- **NAICS:** 423140
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $215K
- **Initial approval:** $215K
- **Forgiven:** $216K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $172K
- **Utilities:** $43K
- **Jobs reported:** 15
## Lender
- **Originating:** Commercial State Bank
- **Servicing:** Commercial State Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*