# PPP loan: DOW MACHINERY CORPORATION
> **$331K** approved 04/27/2020 · Paid in Full · Loan `5330097201`
## Borrower
- **Name:** DOW MACHINERY CORPORATION
- **Address:** 12530 Taylor Road, HOUSTON, TX, 77041-1232
- **NAICS:** 333120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $331K
- **Initial approval:** $331K
- **Forgiven:** $332K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $264K
- **Rent:** $33K
- **Utilities:** $33K
- **Jobs reported:** 25
## Lender
- **Originating:** The First National Bank of McGregor d/b/a TFNB Your Bank for Life
- **Servicing:** The First National Bank of McGregor d/b/a TFNB Your Bank for Life (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*