# PPP loan: AFALLON COMPANIES, INC.
> **$265K** approved 04/08/2020 · Paid in Full · Loan `8501117008`
## Borrower
- **Name:** AFALLON COMPANIES, INC.
- **Address:** 201 E ABRAM ST, ARLINGTON, TX, 76010-1146
- **NAICS:** 541511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $265K
- **Initial approval:** $265K
- **Forgiven:** $268K (101%)
- **Forgiveness date:** 06/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $199K
- **Rent:** $36K
- **Utilities:** $8K
- **Health care:** $22K
- **Jobs reported:** 17
## Lender
- **Originating:** Texas Security Bank
- **Servicing:** Texas Security Bank (TX)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*