# PPP loan: ALSPAUGH'S HARDWARE INC.
> **$208K** approved 03/03/2021 · Charged Off · Loan `6297008510`
## Borrower
- **Name:** ALSPAUGH'S HARDWARE INC.
- **Address:** 2720 W Lake Houston Pkwy, Kingwood, TX, 77339-5213
- **NAICS:** 444130
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $208K
- **Initial approval:** $208K
- **Forgiven:** $144K (69%)
- **Forgiveness date:** 11/15/2021
- **Status:** Charged Off
- **Term:** 39 months
## Use of funds
- **Payroll:** $208K
- **Utilities:** $1
- **Jobs reported:** 19
## Lender
- **Originating:** Third Coast Bank
- **Servicing:** Third Coast Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*