# PPP loan: SOUTH TEXAS OILFIELD SERVICES, LLC
> **$452K** approved 05/06/2020 · Paid in Full · Loan `2846657407`
## Borrower
- **Name:** SOUTH TEXAS OILFIELD SERVICES, LLC
- **Address:** 5115 HWY 59, FREER, TX, 78357
- **NAICS:** 213112
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $452K
- **Initial approval:** $452K
- **Forgiven:** $461K (102%)
- **Forgiveness date:** 06/27/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $450K
- **Rent:** $1K
- **Utilities:** $1K
- **Jobs reported:** 62
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*