# PPP loan: THE NELROD COMPANY
> **$510K** approved 04/08/2020 · Paid in Full · Loan `7789407005`
## Borrower
- **Name:** THE NELROD COMPANY
- **Address:** 3301 West Fwy, Second Floor, FORT WORTH, TX, 76107
- **NAICS:** 541611
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $510K
- **Initial approval:** $510K
- **Forgiven:** $516K (101%)
- **Forgiveness date:** 06/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $468K
- **Utilities:** $5K
- **Health care:** $35K
- **Debt interest:** $2K
- **Jobs reported:** 60
## Lender
- **Originating:** Veritex Community Bank
- **Servicing:** Veritex Community Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*