# PPP loan: DERRICK CONSTRUCTION CO INC
> **$358K** approved 04/11/2020 · Paid in Full · Loan `2947027100`
## Borrower
- **Name:** DERRICK CONSTRUCTION CO INC
- **Address:** 250 S Cove Harbor, ROCKPORT, TX, 78382
- **NAICS:** 237990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $358K
- **Initial approval:** $358K
- **Forgiven:** $361K (101%)
- **Forgiveness date:** 03/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $330K
- **Rent:** $14K
- **Utilities:** $7K
- **Debt interest:** $8K
- **Jobs reported:** 31
## Lender
- **Originating:** Charter Bank
- **Servicing:** Charter Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*