# PPP loan: IBERIA INSULATION INC
> **$300K** approved 04/15/2020 · Charged Off · Loan `9248937105`
## Borrower
- **Name:** IBERIA INSULATION INC
- **Address:** 10488 Commerce Row, Montgomery, TX, 77356
- **NAICS:** 238290
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $300K
- **Initial approval:** $300K
- **Status:** Charged Off
- **Term:** 7 months
## Use of funds
- **Payroll:** $300K
- **Jobs reported:** 10
## 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*