# PPP loan: HOUSTON MECHATRONICS INC.
> **$1.58M** approved 02/04/2021 · Paid in Full · Loan `3032548400`
## Borrower
- **Name:** HOUSTON MECHATRONICS INC.
- **Address:** 17146 Feathercraft Ln Ste 450, Webster, TX, 77598-4401
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.58M
- **Initial approval:** $1.58M
- **Forgiven:** $1.59M (101%)
- **Forgiveness date:** 08/17/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.58M
- **Utilities:** $1
- **Jobs reported:** 54
## Lender
- **Originating:** Frost Bank
- **Servicing:** Frost Bank (TX)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*