# PPP loan: JEFF PROUTY, INC.
> **$196K** approved 04/08/2020 · Paid in Full · Loan `8311997002`
## Borrower
- **Name:** JEFF PROUTY, INC.
- **Address:** 2401 25TH AVE, TEXAS CITY, TX, 77590-4664
- **NAICS:** 236118
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $196K
- **Initial approval:** $196K
- **Forgiven:** $197K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $183K
- **Rent:** $9K
- **Utilities:** $4K
- **Jobs reported:** 18
## Lender
- **Originating:** Texas First Bank
- **Servicing:** Texas First Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*