# PPP loan: POLYMER ADHESIVE SEALANT SYSTEMS, INC.
> **$506K** approved 04/13/2020 · Paid in Full · Loan `5659657100`
## Borrower
- **Name:** POLYMER ADHESIVE SEALANT SYSTEMS, INC.
- **Address:** 501 Garrett Morris Pkwy, MINERAL WELLS, TX, 76067-9013
- **NAICS:** 325520
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $506K
- **Initial approval:** $506K
- **Forgiven:** $510K (101%)
- **Forgiveness date:** 12/28/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $437K
- **Utilities:** $20K
- **Health care:** $39K
- **Debt interest:** $10K
- **Jobs reported:** 50
## Lender
- **Originating:** PlainsCapital Bank
- **Servicing:** PlainsCapital Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*