1ST CHOICE ENTERPRISES INC (TX) - 2020 PPP Loan Borrower Profile (# 2590167408)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 1ST CHOICE ENTERPRISES INC. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Texas.

Loan Detail

Loan Number

2590167408

SBA Office Code

0610

Processing Method

PPP

Curent Loan Amount

$292,900

Date Loan was Approved

May 6, 2020

Amount Forgiven

$294,909.62

Date Loan was Forgiven

Jan 19, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

292,900

Lender

Guaranty Bank & Trust, National Association

Business Detail

Business Type

Corporation

NAICS

621610

Borrower Location

COMMERCE, TX

Project Location

COMMERCE, TX

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.