# PPP loan: TRIFECTA OIL & GAS INC.
> **$168K** approved 04/29/2020 · Charged Off · Loan `2899817302`
## Borrower
- **Name:** TRIFECTA OIL & GAS INC.
- **Address:** 2318 E Cnty Rd 123, MIdland, TX, 79706
- **NAICS:** 213112
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $168K
- **Initial approval:** $168K
- **Forgiven:** $71K (42%)
- **Forgiveness date:** 05/27/2022
- **Status:** Charged Off
- **Term:** 2 months
## Use of funds
- **Payroll:** $168K
- **Jobs reported:** 37
## Lender
- **Originating:** West Texas National Bank
- **Servicing:** West Texas National Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*