# PPP loan: MADISON AEROSPACE INC
> **$207K** approved 04/15/2020 · Paid in Full · Loan `9965527103`
## Borrower
- **Name:** MADISON AEROSPACE INC
- **Address:** 1728 A Layton Ave, HALTOM CITY, TX, 76117-5479
- **NAICS:** 423860
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $207K
- **Initial approval:** $207K
- **Forgiven:** $209K (101%)
- **Forgiveness date:** 01/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $184K
- **Rent:** $10K
- **Utilities:** $2K
- **Health care:** $10K
- **Debt interest:** $2K
- **Jobs reported:** 16
## Lender
- **Originating:** PlainsCapital Bank
- **Servicing:** PlainsCapital Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*