# PPP loan: PROCOLLECT INC
> **$530K** approved 04/12/2020 · Paid in Full · Loan `4059387104`
## Borrower
- **Name:** PROCOLLECT INC
- **Address:** 12170 N. Abrams Rd, Suite 100, DALLAS, TX, 75248
- **NAICS:** 541990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $530K
- **Initial approval:** $530K
- **Forgiven:** $538K (102%)
- **Forgiveness date:** 10/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $397K
- **Utilities:** $132K
- **Jobs reported:** 50
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*