# PPP loan: JERRY PAUL HIGGINS LTD
> **$505K** approved 04/11/2020 · Paid in Full · Loan `2601637109`
## Borrower
- **Name:** JERRY PAUL HIGGINS LTD
- **Address:** 111 FRIENDSHIP RD, SHERMAN, TX, 75092-4616
- **NAICS:** 237310
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $505K
- **Initial approval:** $505K
- **Forgiven:** $508K (101%)
- **Forgiveness date:** 01/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $460K
- **Rent:** $2K
- **Utilities:** $2K
- **Health care:** $41K
- **Jobs reported:** 43
## 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*