# PPP loan: INFOTEC
> **$150K** approved 02/12/2021 · Charged Off · Loan `8110088403`
## Borrower
- **Name:** INFOTEC
- **Address:** 4937 Ward Dr, The Colony, TX, 75056-1025
- **NAICS:** 541512
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $150K
- **Initial approval:** $150K
- **Status:** Charged Off
- **Term:** 35 months
## Use of funds
- **Payroll:** $150K
- **Utilities:** $1
- **Jobs reported:** 10
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*