# PPP loan: IMPROVED PETROLEUM RECOVERY INC.
> **$483K** approved 04/27/2020 · Paid in Full · Loan `5205217201`
## Borrower
- **Name:** IMPROVED PETROLEUM RECOVERY INC.
- **Address:** 909 LAKE CAROLYN PKWY SUITE 800, IRVING, TX, 75039-3927
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $483K
- **Initial approval:** $483K
- **Forgiven:** $450K (93%)
- **Forgiveness date:** 08/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $386K
- **Mortgage interest:** $72K
- **Utilities:** $24K
- **Jobs reported:** 21
## Lender
- **Originating:** BOM Bank
- **Servicing:** BOM Bank (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*