# PPP loan: HOUSTON GRINDING AND MANUFACTURING CO. INC
> **$535K** approved 04/13/2020 · Paid in Full · Loan `5214707110`
## Borrower
- **Name:** HOUSTON GRINDING AND MANUFACTURING CO. INC
- **Address:** 3544 West 12th Street, HOUSTON, TX, 77008-6006
- **NAICS:** 333912
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $535K
- **Initial approval:** $535K
- **Forgiven:** $543K (101%)
- **Forgiveness date:** 09/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $428K
- **Rent:** $54K
- **Utilities:** $54K
- **Jobs reported:** 46
## 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*