# PPP loan: SWANG & ASSOCIATES INC
> **$257K** approved 04/08/2020 · Paid in Full · Loan `7858587007`
## Borrower
- **Name:** SWANG & ASSOCIATES INC
- **Address:** 1109 S SAM RAYBURN FWY Ste 200, SHERMAN, TX, 75090-8600
- **NAICS:** 621610
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $257K
- **Initial approval:** $257K
- **Forgiven:** $258K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $210K
- **Utilities:** $7K
- **Health care:** $30K
- **Debt interest:** $10K
- **Jobs reported:** 61
## Lender
- **Originating:** First United Bank and Trust Company
- **Servicing:** First United Bank and Trust Company (OK)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*