# PPP loan: REX MECHANICAL, INC.
> **$218K** approved 04/13/2020 · Paid in Full · Loan `5203727110`
## Borrower
- **Name:** REX MECHANICAL, INC.
- **Address:** 9011 MAIN ST, NEEDVILLE, TX, 77461-8424
- **NAICS:** 238220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $218K
- **Initial approval:** $218K
- **Forgiven:** $220K (101%)
- **Forgiveness date:** 04/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $218K
- **Jobs reported:** 23
## Lender
- **Originating:** Texas First Bank
- **Servicing:** Texas First Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*