# PPP loan: SANNER PIPE & SALVAGE, L.L.C.
> **$341K** approved 04/09/2020 · Paid in Full · Loan `1020397106`
## Borrower
- **Name:** SANNER PIPE & SALVAGE, L.L.C.
- **Address:** 550 PO Box 550, VELMA, OK, 73491
- **NAICS:** 423930
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $341K
- **Initial approval:** $341K
- **Forgiven:** $344K (101%)
- **Forgiveness date:** 02/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $324K
- **Utilities:** $2K
- **Debt interest:** $15K
- **Jobs reported:** 28
## Lender
- **Originating:** BancFirst
- **Servicing:** BancFirst (OK)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*