# PPP loan: MOTOR CONTROLS, INC.
> **$2.95M** approved 04/13/2020 · Paid in Full · Loan `5539247101`
## Borrower
- **Name:** MOTOR CONTROLS, INC.
- **Address:** 10661 NEWKIRK ST, Dallas, TX, 75220-2303
- **NAICS:** 335314
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.95M
- **Initial approval:** $2.95M
- **Forgiven:** $2.98M (101%)
- **Forgiveness date:** 06/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.71M
- **Rent:** $170K
- **Utilities:** $70K
- **Jobs reported:** 229
## Lender
- **Originating:** Texas Capital Bank
- **Servicing:** Texas Capital Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*