# PPP loan: OIL-TECH CONSTRUCTION, LLC
> **$1.28M** approved 04/11/2020 · Exemption 4 · Loan `2840867105`
## Borrower
- **Name:** OIL-TECH CONSTRUCTION, LLC
- **Address:** 1814 E COUNTY ROAD 120, MIDLAND, TX, 79706-4027
- **NAICS:** 237120
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.28M
- **Initial approval:** $1.28M
- **Forgiven:** $1.25M (98%)
- **Forgiveness date:** 09/15/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.28M
- **Jobs reported:** 71
## Lender
- **Originating:** SouthWest Bank
- **Servicing:** SouthWest Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*