# PPP loan: GILPIN ENGINEERING COMPANY
> **$152K** approved 04/08/2020 · Paid in Full · Loan `8034077009`
## Borrower
- **Name:** GILPIN ENGINEERING COMPANY
- **Address:** 11204 McPherson RD., LAREDO, TX, 78045-6575
- **NAICS:** 541330
- **Business type:** Sole Proprietorship
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $152K
- **Initial approval:** $173K
- **Forgiven:** $155K (102%)
- **Forgiveness date:** 02/23/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $140K
- **Mortgage interest:** $9K
- **Utilities:** $2K
- **Jobs reported:** 16
## Lender
- **Originating:** Texas Community Bank
- **Servicing:** Texas Community Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*