# PPP loan: OXYDE CHEMICALS, INC.
> **$458K** approved 04/11/2020 · Paid in Full · Loan `3360627109`
## Borrower
- **Name:** OXYDE CHEMICALS, INC.
- **Address:** 225 Pennbright Drive suite 101, HOUSTON, TX, 77090-5906
- **NAICS:** 425110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $458K
- **Initial approval:** $458K
- **Forgiven:** $462K (101%)
- **Forgiveness date:** 02/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $344K
- **Rent:** $57K
- **Utilities:** $57K
- **Jobs reported:** 22
## 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*