# PPP loan: VELVIN OIL CO
> **$362K** approved 04/06/2020 · Paid in Full · Loan `6442097004`
## Borrower
- **Name:** VELVIN OIL CO
- **Address:** 403 Webster, HENDERSON, TX, 75652-6551
- **NAICS:** 424710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $362K
- **Initial approval:** $362K
- **Forgiven:** $365K (101%)
- **Forgiveness date:** 02/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $362K
- **Jobs reported:** 26
## Lender
- **Originating:** VeraBank, National Association
- **Servicing:** VeraBank, National Association (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*