# PPP loan: CONTROL PRODUCTS CORPORATION
> **$1.16M** approved 04/05/2020 · Paid in Full · Loan `5326717009`
## Borrower
- **Name:** CONTROL PRODUCTS CORPORATION
- **Address:** 1513 W JEFFERSON ST, GRAND PRAIRIE, TX, 75051-1443
- **NAICS:** 335129
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.16M
- **Initial approval:** $1.16M
- **Forgiven:** $1.18M (101%)
- **Forgiveness date:** 08/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $873K
- **Rent:** $145K
- **Utilities:** $145K
- **Jobs reported:** 114
## 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*