# PPP loan: INDUSTRIAL & OILFIELD SERVICES INC
> **$671K** approved 02/19/2021 · Paid in Full · Loan `1662278506`
## Borrower
- **Name:** INDUSTRIAL & OILFIELD SERVICES INC
- **Address:** 110 E Edward St, Erath, LA, 70533-4108
- **NAICS:** 213112
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $671K
- **Initial approval:** $671K
- **Forgiven:** $671K (100%)
- **Forgiveness date:** 08/29/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $671K
- **Utilities:** $1
- **Jobs reported:** 29
## Lender
- **Originating:** Hancock Whitney Bank
- **Servicing:** Hancock Whitney Bank (MS)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*