# PPP loan: J & T ENERGY SERVICES INC.
> **$426K** approved 02/27/2021 · Paid in Full · Loan `5507608507`
## Borrower
- **Name:** J & T ENERGY SERVICES INC.
- **Address:** 2656 S County Rd W, Odessa, TX, 79766-8807
- **NAICS:** 484220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $426K
- **Initial approval:** $426K
- **Forgiven:** $430K (101%)
- **Forgiveness date:** 03/03/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $426K
- **Utilities:** $1
- **Jobs reported:** 18
## Lender
- **Originating:** Lone Star State Bank of West Texas, A Division of Prosperity Bank
- **Servicing:** Prosperity Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*