# PPP loan: KING OILFIELD & LEASE SERVICES LLC
> **$226K** approved 05/11/2020 · Paid in Full · Loan `5084477408`
## Borrower
- **Name:** KING OILFIELD & LEASE SERVICES LLC
- **Address:** 436 Lake Morraine Loop, LAREDO, TX, 78041
- **NAICS:** 561790
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $226K
- **Initial approval:** $226K
- **Forgiven:** $228K (101%)
- **Forgiveness date:** 06/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $200K
- **Rent:** $21K
- **Utilities:** $5K
- **Jobs reported:** 28
## Lender
- **Originating:** International Bank of Commerce
- **Servicing:** International Bank of Commerce (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*