# PPP loan: TULCO OILS INC.
> **$1.07M** approved 04/04/2020 · Paid in Full · Loan `4950897005`
## Borrower
- **Name:** TULCO OILS INC.
- **Address:** 5240 E. PINE STREET, TULSA, OK, 74115-5328
- **NAICS:** 424690
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.07M
- **Initial approval:** $1.07M
- **Forgiven:** $1.08M (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $806K
- **Rent:** $80K
- **Utilities:** $35K
- **Health care:** $123K
- **Debt interest:** $30K
- **Jobs reported:** 60
## Lender
- **Originating:** Mabrey Bank
- **Servicing:** Mabrey Bank (OK)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*