# PPP loan: TRI ELEMENT INCORPORATED
> **$1.15M** approved 02/03/2021 · Charged Off · Loan `2631608402`
## Borrower
- **Name:** TRI ELEMENT INCORPORATED
- **Address:** 1216 Airport Rd, Alice, TX, 78332-7334
- **NAICS:** 213111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.15M
- **Initial approval:** $1.15M
- **Forgiven:** $1.14M (99%)
- **Forgiveness date:** 09/21/2022
- **Status:** Charged Off
- **Term:** 31 months
## Use of funds
- **Payroll:** $1.15M
- **Utilities:** $1
- **Jobs reported:** 75
## Lender
- **Originating:** First Community Bank
- **Servicing:** First Community Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*