# PPP loan: PETROLEUM MATERIALS LLC
> **$266K** approved 04/10/2020 · Paid in Full · Loan `1172007104`
## Borrower
- **Name:** PETROLEUM MATERIALS LLC
- **Address:** 30603 TEALCREST ESTATES DR, SPRING, TX, 77386
- **NAICS:** 424720
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $266K
- **Initial approval:** $266K
- **Forgiven:** $268K (101%)
- **Forgiveness date:** 12/15/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $244K
- **Rent:** $7K
- **Utilities:** $3K
- **Health care:** $12K
- **Debt interest:** $492
- **Jobs reported:** 19
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*