# PPP loan: ONSITE OILFIELD SERVICE LLC
> **$1.12M** approved 06/22/2020 · Charged Off · Loan `1474248010`
## Borrower
- **Name:** ONSITE OILFIELD SERVICE LLC
- **Address:** 2301 Oak St., Abilene, TX, 79602-5935
- **NAICS:** 213112
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.12M
- **Initial approval:** $1.24M
- **Forgiven:** $687K (61%)
- **Forgiveness date:** 05/24/2022
- **Status:** Charged Off
- **Term:** 116 months
## Use of funds
- **Payroll:** $1.12M
- **Jobs reported:** 57
## Lender
- **Originating:** Fountainhead SBF LLC
- **Servicing:** Fountainhead SBF LLC (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*