# PPP loan: PAYNE MECHANICAL SERVICES OF TEXAS
> **$240K** approved 04/14/2020 · Paid in Full · Loan `6281707104`
## Borrower
- **Name:** PAYNE MECHANICAL SERVICES OF TEXAS
- **Address:** 2000 S EASTMAN ROAD, LONGVIEW, TX, 75602
- **NAICS:** 238220
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $240K
- **Initial approval:** $240K
- **Forgiven:** $242K (101%)
- **Forgiveness date:** 06/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $240K
- **Jobs reported:** 32
## Lender
- **Originating:** Cadence Bank
- **Servicing:** Cadence Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*