# PPP loan: MASSOUD FURNITURE MANUFACTURING COMPANY
> **$694K** approved 04/13/2020 · Paid in Full · Loan `5416557100`
## Borrower
- **Name:** MASSOUD FURNITURE MANUFACTURING COMPANY
- **Address:** 8351 Moberly Lane, DALLAS, TX, 75227-2316
- **NAICS:** 337121
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $694K
- **Initial approval:** $694K
- **Forgiven:** $701K (101%)
- **Forgiveness date:** 05/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $555K
- **Rent:** $69K
- **Utilities:** $69K
- **Jobs reported:** 63
## 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*