# PPP loan: PETROFLEX NA LTD
> **$1.27M** approved 04/10/2020 · Paid in Full · Loan `2588337107`
## Borrower
- **Name:** PETROFLEX NA LTD
- **Address:** 1305 N. Interstate 35, Gainesville, TX, 76241-1356
- **NAICS:** 326122
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.27M
- **Initial approval:** $1.27M
- **Forgiven:** $1.24M (98%)
- **Forgiveness date:** 03/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $953K
- **Rent:** $107K
- **Utilities:** $107K
- **Health care:** $103K
- **Jobs reported:** 200
## Lender
- **Originating:** First State Bank
- **Servicing:** First State Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*