# PPP loan: SHARP OILFIELD SERVICES, LLC
> **$3.19M** approved 04/05/2020 · Paid in Full · Loan `5543297010`
## Borrower
- **Name:** SHARP OILFIELD SERVICES, LLC
- **Address:** 3603 FM 51, Gainesville, TX, 76240-0225
- **NAICS:** 561110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.19M
- **Initial approval:** $3.19M
- **Forgiven:** $3.22M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.68M
- **Mortgage interest:** $140K
- **Utilities:** $124K
- **Health care:** $247K
- **Jobs reported:** 127
## Lender
- **Originating:** First State Bank
- **Servicing:** First State Bank (TX)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*