# PPP loan: CNC ROUTER & PLASMA INC
> **$417K** approved 04/07/2020 · Paid in Full · Loan `7423447001`
## Borrower
- **Name:** CNC ROUTER & PLASMA INC
- **Address:** 140 COUNTY ROAD 2840, MINEOLA, TX, 75773-5918
- **NAICS:** 333517
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $417K
- **Initial approval:** $417K
- **Forgiven:** $420K (101%)
- **Forgiveness date:** 01/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $333K
- **Mortgage interest:** $40K
- **Utilities:** $43K
- **Jobs reported:** 48
## Lender
- **Originating:** Commercial Bank of Texas, N.A.
- **Servicing:** Commercial Bank of Texas, N.A. (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*