# PPP loan: TEXAS SHAFTS INC.
> **$631K** approved 03/20/2021 · Paid in Full · Loan `5385558604`
## Borrower
- **Name:** TEXAS SHAFTS INC.
- **Address:** 11720 Hicks Avondale School Rd, Haslet, TX, 76052-3225
- **NAICS:** 237310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $631K
- **Initial approval:** $631K
- **Forgiven:** $636K (101%)
- **Forgiveness date:** 01/06/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $631K
- **Utilities:** $1
- **Jobs reported:** 50
## Lender
- **Originating:** Trinity Bank, National Association
- **Servicing:** Trinity Bank, National Association (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*