# PPP loan: HYDRALIC & FABRICATION SERVICES INC.
> **$1.85M** approved 03/06/2021 · Exemption 4 · Loan `7647068501`
## Borrower
- **Name:** HYDRALIC & FABRICATION SERVICES INC.
- **Address:** 14490 Wagg Way Rd N/A, Houston, TX, 77041-1896
- **NAICS:** 332420
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.85M
- **Initial approval:** $1.85M
- **Forgiven:** $603K (33%)
- **Forgiveness date:** 07/14/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.85M
- **Utilities:** $1
- **Jobs reported:** 123
## Lender
- **Originating:** Customers Bank
- **Servicing:** Customers Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*