# PPP loan: LAREDO OIL INC
> **$1.23M** approved 02/02/2021 · Charged Off · Loan `1772818405`
## Borrower
- **Name:** LAREDO OIL INC
- **Address:** 2021 Guadalupe St Ste 260, Austin, TX, 78705-5654
- **NAICS:** 211120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.23M
- **Initial approval:** $1.23M
- **Forgiven:** $67K (5%)
- **Forgiveness date:** 04/26/2022
- **Status:** Charged Off
- **Term:** 31 months
## Use of funds
- **Payroll:** $1.23M
- **Utilities:** $1
- **Jobs reported:** 64
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*