# PPP loan: ROYCE GROFF OIL COMPANY
> **$315K** approved 04/13/2020 · Paid in Full · Loan `5594197102`
## Borrower
- **Name:** ROYCE GROFF OIL COMPANY
- **Address:** 515 Hwy 90 East, CASTROVILLE, TX, 78009-4542
- **NAICS:** 424710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $315K
- **Initial approval:** $315K
- **Forgiven:** $319K (101%)
- **Forgiveness date:** 05/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $287K
- **Rent:** $25K
- **Utilities:** $3K
- **Jobs reported:** 26
## Lender
- **Originating:** Texas Capital Bank
- **Servicing:** Texas Capital Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*