# PPP loan: SHIELDCOAT TECHNOLOGIES INC.
> **$418K** approved 01/20/2021 · Paid in Full · Loan `2236308308`
## Borrower
- **Name:** SHIELDCOAT TECHNOLOGIES INC.
- **Address:** 308 Ellen Trout Dr, Lufkin, TX, 75904-1356
- **NAICS:** 325414
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $418K
- **Initial approval:** $418K
- **Forgiven:** $420K (101%)
- **Forgiveness date:** 08/13/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $418K
- **Utilities:** $1
- **Jobs reported:** 36
## Lender
- **Originating:** Commercial Bank of Texas, N.A.
- **Servicing:** Commercial Bank of Texas, N.A. (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*