# PPP loan: RUSSELL OILFIELD EQUIPMENT COMPANY
> **$247K** approved 01/21/2021 · Paid in Full · Loan `3021688303`
## Borrower
- **Name:** RUSSELL OILFIELD EQUIPMENT COMPANY
- **Address:** 1910 Humble Place Dr, Humble, TX, 77338-5279
- **NAICS:** 423810
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $247K
- **Initial approval:** $247K
- **Forgiven:** $248K (101%)
- **Forgiveness date:** 09/28/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $247K
- **Jobs reported:** 10
## Lender
- **Originating:** Third Coast Bank
- **Servicing:** Third Coast Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*