# PPP loan: DROPWATER SOLUTIONS LLC
> **$285K** approved 06/08/2020 · Exemption 4 · Loan `9443237810`
## Borrower
- **Name:** DROPWATER SOLUTIONS LLC
- **Address:** 3603 FM 51, Gainesville, TX, 76240-0225
- **NAICS:** 213112
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $285K
- **Initial approval:** $285K
- **Forgiven:** $129K (45%)
- **Forgiveness date:** 06/28/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $285K
- **Jobs reported:** 28
## Lender
- **Originating:** First State Bank
- **Servicing:** First State Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*