# PPP loan: TED W. ALLEN & ASSOCIATES, INC.
> **$270K** approved 04/11/2020 · Paid in Full · Loan `2722457110`
## Borrower
- **Name:** TED W. ALLEN & ASSOCIATES, INC.
- **Address:** 17004 Grant Road, CYPRESS, TX, 77429-1260
- **NAICS:** 524298
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $270K
- **Initial approval:** $270K
- **Forgiven:** $273K (101%)
- **Forgiveness date:** 05/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $203K
- **Mortgage interest:** $34K
- **Utilities:** $34K
- **Jobs reported:** 16
## 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*