# PPP loan: ROESSLER EQUIPMENT COMPANY INC
> **$482K** approved 04/10/2020 · Paid in Full · Loan `2284597105`
## Borrower
- **Name:** ROESSLER EQUIPMENT COMPANY INC
- **Address:** 5805 SCHUMACHER LAND, HOUSTON, TX, 77057-7108
- **NAICS:** 238220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $482K
- **Initial approval:** $453K
- **Forgiven:** $488K (101%)
- **Forgiveness date:** 05/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $363K
- **Rent:** $10K
- **Utilities:** $6K
- **Health care:** $103K
- **Jobs reported:** 28
## 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*