# PPP loan: PEDERSON CONSTRUCTION CO., INC
> **$298K** approved 04/16/2020 · Paid in Full · Loan `3069107209`
## Borrower
- **Name:** PEDERSON CONSTRUCTION CO., INC
- **Address:** 806 W OCEAN BLVD, LOS FRESNOS, TX, 78566-3600
- **NAICS:** 237990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $298K
- **Initial approval:** $298K
- **Forgiven:** $301K (101%)
- **Forgiveness date:** 05/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $298K
- **Jobs reported:** 48
## Lender
- **Originating:** Texas Regional Bank
- **Servicing:** Texas Regional Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*