# PPP loan: MCDONOUGH ENGINEERING CORPORATION
> **$325K** approved 04/13/2020 · Paid in Full · Loan `4169367110`
## Borrower
- **Name:** MCDONOUGH ENGINEERING CORPORATION
- **Address:** 5625 Schumacher Ln, Houston, TX, 77057-7123
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $325K
- **Initial approval:** $325K
- **Forgiven:** $329K (101%)
- **Forgiveness date:** 05/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $288K
- **Rent:** $28K
- **Utilities:** $9K
- **Jobs reported:** 18
## Lender
- **Originating:** Independent Bank d/b/a Independent Financial
- **Servicing:** Independent Bank d/b/a Independent Financial (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*