# PPP loan: POWER REPAIR SERVICE, INC.
> **$1.25M** approved 04/07/2020 · Paid in Full · Loan `7492937010`
## Borrower
- **Name:** POWER REPAIR SERVICE, INC.
- **Address:** 314 MCBRIDE LN, CORPUS CHRISTI, TX, 78408-2340
- **NAICS:** 811310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.25M
- **Initial approval:** $1.25M
- **Forgiven:** $1.23M (98%)
- **Forgiveness date:** 12/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.25M
- **Jobs reported:** 77
## Lender
- **Originating:** Frost Bank
- **Servicing:** Frost Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*