# PPP loan: TEXCEL
> **$718K** approved 04/08/2020 · Paid in Full · Loan `7970047009`
## Borrower
- **Name:** TEXCEL
- **Address:** 4444 HOMESTEAD RD, HOUSTON, TX, 77028-5818
- **NAICS:** 236220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $718K
- **Initial approval:** $718K
- **Forgiven:** $729K (102%)
- **Forgiveness date:** 10/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $539K
- **Mortgage interest:** $90K
- **Utilities:** $90K
- **Jobs reported:** 46
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*