# PPP loan: HYDOSTATIC OIL TOOLS, INC
> **$477K** approved 04/27/2020 · Paid in Full · Loan `3487757208`
## Borrower
- **Name:** HYDOSTATIC OIL TOOLS, INC
- **Address:** 1605 COMMERCE ST, MAGNOLIA, AR, 71753-4077
- **NAICS:** 213112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $477K
- **Initial approval:** $477K
- **Forgiven:** $483K (101%)
- **Forgiveness date:** 06/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $477K
- **Jobs reported:** 43
## Lender
- **Originating:** Bodcaw Bank
- **Servicing:** Bodcaw Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*