# PPP loan: PERMIAN POWER TONG INC
> **$363K** approved 04/30/2020 · Paid in Full · Loan `5868517307`
## Borrower
- **Name:** PERMIAN POWER TONG INC
- **Address:** 4512 E HWY 158, GARDENDALE, TX, 79758
- **NAICS:** 812990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $363K
- **Initial approval:** $363K
- **Forgiven:** $368K (102%)
- **Forgiveness date:** 12/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $363K
- **Jobs reported:** 35
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*