# PPP loan: PENBAR INC
> **$946K** approved 04/15/2020 · Paid in Full · Loan `8992797104`
## Borrower
- **Name:** PENBAR INC
- **Address:** 409 Greene Street, WEBSTER, TX, 77598
- **NAICS:** 623110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $946K
- **Initial approval:** $946K
- **Forgiven:** $953K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $756K
- **Rent:** $95K
- **Utilities:** $95K
- **Jobs reported:** 120
## Lender
- **Originating:** Veritex Community Bank
- **Servicing:** Veritex Community Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*