# PPP loan: BUTTERFLY VALVES & CONTROLS, INC.
> **$160K** approved 04/30/2020 · Paid in Full · Loan `6589397310`
## Borrower
- **Name:** BUTTERFLY VALVES & CONTROLS, INC.
- **Address:** 617 Industrial Blvd Ste. B, Grapevine, TX, 76051-3915
- **NAICS:** 332911
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $160K
- **Initial approval:** $160K
- **Forgiven:** $162K (101%)
- **Forgiveness date:** 05/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $142K
- **Rent:** $15K
- **Utilities:** $4K
- **Jobs reported:** 9
## Lender
- **Originating:** Independent Bank d/b/a Independent Financial
- **Servicing:** Independent Bank d/b/a Independent Financial (TX)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*