# PPP loan: UTILITY COMPOSITES, INC
> **$236K** approved 04/07/2020 · Paid in Full · Loan `7454377007`
## Borrower
- **Name:** UTILITY COMPOSITES, INC
- **Address:** 888 COUNTY ROAD 108, HUTTO, TX, 78634-3406
- **NAICS:** 339993
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $236K
- **Initial approval:** $236K
- **Forgiven:** $238K (101%)
- **Forgiveness date:** 02/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $177K
- **Mortgage interest:** $30K
- **Utilities:** $30K
- **Jobs reported:** 20
## 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*