# PPP loan: KING FUELS, INC
> **$350K** approved 04/13/2020 · Paid in Full · Loan `4939537110`
## Borrower
- **Name:** KING FUELS, INC
- **Address:** 14825 Willis S, HOUSTON, TX, 77039
- **NAICS:** 425110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $350K
- **Initial approval:** $350K
- **Forgiven:** $360K (103%)
- **Forgiveness date:** 04/04/2023
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $262K
- **Rent:** $44K
- **Utilities:** $44K
- **Jobs reported:** 32
## 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*