# PPP loan: PARAGON FURNITURE, INC.
> **$710K** approved 04/05/2020 · Paid in Full · Loan `5088127002`
## Borrower
- **Name:** PARAGON FURNITURE, INC.
- **Address:** 2224 E RANDOL MILL ROAD, ARLINGTON, TX, 76011-6331
- **NAICS:** 337127
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $710K
- **Initial approval:** $710K
- **Forgiven:** $714K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $515K
- **Mortgage interest:** $88K
- **Utilities:** $38K
- **Health care:** $70K
- **Jobs reported:** 63
## Lender
- **Originating:** Veritex Community Bank
- **Servicing:** Veritex Community Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*