# PPP loan: PRECISION PUMP & COMPRESSOR OF ODESSA, INC.
> **$250K** approved 04/27/2020 · Paid in Full · Loan `4079197201`
## Borrower
- **Name:** PRECISION PUMP & COMPRESSOR OF ODESSA, INC.
- **Address:** 3751 KERMIT HWY, ODESSA, TX, 79764-6432
- **NAICS:** 213112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $250K
- **Initial approval:** $250K
- **Forgiven:** $252K (101%)
- **Forgiveness date:** 03/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $200K
- **Rent:** $25K
- **Utilities:** $25K
- **Jobs reported:** 23
## Lender
- **Originating:** City Bank
- **Servicing:** City Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*