# PPP loan: PACIFIC ENERGY DEVELOPMENT CORP.
> **$370K** approved 05/28/2020 · Paid in Full · Loan `4556467802`
## Borrower
- **Name:** PACIFIC ENERGY DEVELOPMENT CORP.
- **Address:** 575 N. Dairy Ashford Energy Center II, Ste 210, HOUSTON, TX, 77079-1121
- **NAICS:** 211120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $370K
- **Initial approval:** $370K
- **Forgiven:** $374K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $278K
- **Rent:** $21K
- **Utilities:** $71K
- **Jobs reported:** 15
## Lender
- **Originating:** Texas Capital Bank
- **Servicing:** Texas Capital Bank (TX)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*