# PPP loan: AMPEX BRANDS SERVICES, INC
> **$700K** approved 04/27/2020 · Paid in Full · Loan `6292167201`
## Borrower
- **Name:** AMPEX BRANDS SERVICES, INC
- **Address:** 3304 Essex Dr., RICHARDSON, TX, 75082
- **NAICS:** 722513
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $700K
- **Initial approval:** $700K
- **Forgiven:** $707K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $525K
- **Rent:** $105K
- **Utilities:** $70K
- **Jobs reported:** 45
## Lender
- **Originating:** Texas Partners Bank
- **Servicing:** Texas Partners Bank (TX)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*