# PPP loan: WATTS EQUIPMENT, INC.
> **$477K** approved 04/07/2020 · Paid in Full · Loan `6792917001`
## Borrower
- **Name:** WATTS EQUIPMENT, INC.
- **Address:** 5515 N. Highway 281, MARBLE FALLS, TX, 78654
- **NAICS:** 444210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $477K
- **Initial approval:** $477K
- **Forgiven:** $481K (101%)
- **Forgiveness date:** 01/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $358K
- **Rent:** $72K
- **Utilities:** $48K
- **Jobs reported:** 46
## 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*