# PPP loan: REDBUD E&P INC.
> **$332K** approved 04/05/2020 · Paid in Full · Loan `5426617000`
## Borrower
- **Name:** REDBUD E&P INC.
- **Address:** 16000 STUEBNER AIRLINE RD, SPRING, TX, 77379-5711
- **NAICS:** 213112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $332K
- **Initial approval:** $332K
- **Forgiven:** $334K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $277K
- **Rent:** $30K
- **Utilities:** $200
- **Health care:** $25K
- **Jobs reported:** 16
## 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*