# PPP loan: SOUTH TEXAS OILFIELD SOLUTIONS, LLC
> **$3.68M** approved 04/13/2020 · Paid in Full · Loan `5256927104`
## Borrower
- **Name:** SOUTH TEXAS OILFIELD SOLUTIONS, LLC
- **Address:** 411 N FLOURNOY RD STE 102, ALICE, TX, 78332-4033
- **NAICS:** 213112
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.68M
- **Initial approval:** $3.68M
- **Forgiven:** $3.72M (101%)
- **Forgiveness date:** 07/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.20M
- **Rent:** $50K
- **Utilities:** $25K
- **Health care:** $100K
- **Debt interest:** $300K
- **Jobs reported:** 253
## Lender
- **Originating:** Charter Bank
- **Servicing:** Charter Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*