# PPP loan: JAY-REESE CONTRACTORS, INC.
> **$875K** approved 04/28/2020 · Paid in Full · Loan `7449497210`
## Borrower
- **Name:** JAY-REESE CONTRACTORS, INC.
- **Address:** 32780 RANCH RD 12, DRIPPING SPRINGS, TX, 78620
- **NAICS:** 236220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $875K
- **Initial approval:** $875K
- **Forgiven:** $887K (101%)
- **Forgiveness date:** 08/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $656K
- **Rent:** $109K
- **Utilities:** $109K
- **Jobs reported:** 61
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*