# PPP loan: INDCHEM CONSTRUCTORS INC.
> **$586K** approved 01/21/2021 · Paid in Full · Loan `2889568302`
## Borrower
- **Name:** INDCHEM CONSTRUCTORS INC.
- **Address:** 3000 FM 517 Rd, Alvin, TX, 77511-1867
- **NAICS:** 332313
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $586K
- **Initial approval:** $586K
- **Forgiven:** $589K (101%)
- **Forgiveness date:** 07/28/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $585K
- **Utilities:** $1
- **Jobs reported:** 45
## Lender
- **Originating:** Texas First Bank
- **Servicing:** Texas First Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*