# PPP loan: COBBLESTONE QUALITY SHOE REPAIR, INC.
> **$237K** approved 04/16/2020 · Exemption 4 · Loan `2554517202`
## Borrower
- **Name:** COBBLESTONE QUALITY SHOE REPAIR, INC.
- **Address:** 2000 River Rock Trail, HARKER HEIGHTS, TX, 76548
- **NAICS:** 811430
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $237K
- **Initial approval:** $237K
- **Forgiven:** $80K (34%)
- **Forgiveness date:** 02/17/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $177K
- **Mortgage interest:** $30K
- **Utilities:** $30K
- **Jobs reported:** 4
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*