# PPP loan: HOUSTON MOTOR & CONTROL, INC
> **$315K** approved 04/11/2020 · Paid in Full · Loan `2760717106`
## Borrower
- **Name:** HOUSTON MOTOR & CONTROL, INC
- **Address:** 14400 HOLLISTER ST Suite 100, HOUSTON, TX, 77066-5706
- **NAICS:** 423830
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $315K
- **Initial approval:** $373K
- **Forgiven:** $299K (95%)
- **Forgiveness date:** 04/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $242K
- **Rent:** $44K
- **Utilities:** $1K
- **Health care:** $27K
- **Jobs reported:** 22
## 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*