# PPP loan: PAYNECON INCORPORATED
> **$589K** approved 02/04/2021 · Paid in Full · Loan `3338218409`
## Borrower
- **Name:** PAYNECON INCORPORATED
- **Address:** 4175 FM 1446, Waxahachie, TX, 75167-7605
- **NAICS:** 238110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $589K
- **Initial approval:** $589K
- **Forgiven:** $595K (101%)
- **Forgiveness date:** 03/29/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $589K
- **Utilities:** $1
- **Jobs reported:** 64
## Lender
- **Originating:** InterBank
- **Servicing:** InterBank (OK)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*