# PPP loan: JOULE PROCESSING, LLC
> **$586K** approved 04/13/2020 · Paid in Full · Loan `5537347103`
## Borrower
- **Name:** JOULE PROCESSING, LLC
- **Address:** 3800 Buffalo Speedway STE 525, HOUSTON, TX, 77098
- **NAICS:** 541110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $586K
- **Initial approval:** $586K
- **Forgiven:** $590K (101%)
- **Forgiveness date:** 02/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $439K
- **Rent:** $146K
- **Jobs reported:** 27
## 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*