# PPP loan: WESTWOOD CONTRACTORS INC
> **$696K** approved 04/13/2020 · Paid in Full · Loan `5497577107`
## Borrower
- **Name:** WESTWOOD CONTRACTORS INC
- **Address:** 951 West 7th Street, FORT WORTH, TX, 76102-3512
- **NAICS:** 236220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $696K
- **Initial approval:** $696K
- **Forgiven:** $700K (101%)
- **Forgiveness date:** 12/10/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $588K
- **Rent:** $51K
- **Mortgage interest:** $13K
- **Utilities:** $7K
- **Health care:** $27K
- **Debt interest:** $10K
- **Jobs reported:** 38
## 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*