# PPP loan: SOUTHWEST EROSION CONTROL, INC.
> **$1.24M** approved 04/07/2020 · Paid in Full · Loan `7565857001`
## Borrower
- **Name:** SOUTHWEST EROSION CONTROL, INC.
- **Address:** 6251 FM 2478, MCKINNEY, TX, 75071-3022
- **NAICS:** 236210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.24M
- **Initial approval:** $1.24M
- **Forgiven:** $1.25M (101%)
- **Forgiveness date:** 11/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.13M
- **Rent:** $88K
- **Utilities:** $23K
- **Jobs reported:** 130
## Lender
- **Originating:** Independent Bank d/b/a Independent Financial
- **Servicing:** Independent Bank d/b/a Independent Financial (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*