# PPP loan: PREFERRED INDUSTRIAL CONTRACTORS INC.
> **$1.94M** approved 01/22/2021 · Paid in Full · Loan `3742558310`
## Borrower
- **Name:** PREFERRED INDUSTRIAL CONTRACTORS INC.
- **Address:** 8125 FM 3246, Baytown, TX, 77523-2069
- **NAICS:** 237120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.94M
- **Initial approval:** $1.94M
- **Forgiven:** $1.94M (100%)
- **Forgiveness date:** 07/06/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.94M
- **Utilities:** $1
- **Jobs reported:** 106
## Lender
- **Originating:** Third Coast Bank
- **Servicing:** Third Coast Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*