# PPP loan: KERR OILFIELD COMPANY
> **$223K** approved 04/05/2020 · Paid in Full · Loan `5222697000`
## Borrower
- **Name:** KERR OILFIELD COMPANY
- **Address:** 7104 Highway 180 E, MINERAL WELLS, TX, 76067
- **NAICS:** 213112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $223K
- **Initial approval:** $223K
- **Forgiven:** $224K (101%)
- **Forgiveness date:** 03/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $223K
- **Jobs reported:** 17
## Lender
- **Originating:** Sage Capital Bank
- **Servicing:** Sage Capital Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*