# PPP loan: DROPTINE UTILITY CONSTRUCTION LLC
> **$199K** approved 04/11/2020 · Paid in Full · Loan `3541147106`
## Borrower
- **Name:** DROPTINE UTILITY CONSTRUCTION LLC
- **Address:** 5142 FM 725, NEW BRAUNFELS, TX, 78130
- **NAICS:** 237110
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $199K
- **Initial approval:** $199K
- **Forgiven:** $201K (101%)
- **Forgiveness date:** 03/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $199K
- **Jobs reported:** 19
## Lender
- **Originating:** First Commercial Bank, National Association
- **Servicing:** First Commercial Bank, National Association (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*