# PPP loan: THE PORTER COMPANY/MECHANICAL CONTRACTORS
> **$4.37M** approved 04/05/2020 · Paid in Full · Loan `5587547004`
## Borrower
- **Name:** THE PORTER COMPANY/MECHANICAL CONTRACTORS
- **Address:** 2105 FM 1626, MANCHACA, TX, 78652-4501
- **NAICS:** 238220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.37M
- **Initial approval:** $4.37M
- **Forgiven:** $4.41M (101%)
- **Forgiveness date:** 03/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.75M
- **Mortgage interest:** $368K
- **Utilities:** $251K
- **Jobs reported:** 237
## Lender
- **Originating:** Broadway National Bank
- **Servicing:** Broadway National Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*