# PPP loan: SOUTHWEST BUSINESS CAPITAL INC
> **$159K** approved 03/08/2021 · Charged Off · Loan `7976868506`
## Borrower
- **Name:** SOUTHWEST BUSINESS CAPITAL INC
- **Address:** 6161 Savoy Dr Ste 832, Houston, TX, 77036-3337
- **NAICS:** 522310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $159K
- **Initial approval:** $159K
- **Forgiven:** $127K (80%)
- **Forgiveness date:** 10/19/2022
- **Status:** Charged Off
- **Term:** 18 months
## Use of funds
- **Payroll:** $158K
- **Jobs reported:** 4
## 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*