# PPP loan: TOM THORP TRANSPORTS INC
> **$1.49M** approved 04/07/2020 · Paid in Full · Loan `7129237007`
## Borrower
- **Name:** TOM THORP TRANSPORTS INC
- **Address:** 523 PO BOX, MERTZON, TX, 76941-0523
- **NAICS:** 423860
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.49M
- **Initial approval:** $1.49M
- **Forgiven:** $1.51M (101%)
- **Forgiveness date:** 04/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.12M
- **Utilities:** $373K
- **Jobs reported:** 82
## Lender
- **Originating:** First Financial Bank
- **Servicing:** First Financial Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*