# PPP loan: CONCHO SUPPLY, INC
> **$965K** approved 04/07/2020 · Paid in Full · Loan `6687947008`
## Borrower
- **Name:** CONCHO SUPPLY, INC
- **Address:** 4102 SHERWOOD WAY, SAN ANGELO, TX, 76901-3545
- **NAICS:** 423120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $965K
- **Initial approval:** $965K
- **Forgiven:** $973K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $724K
- **Mortgage interest:** $121K
- **Utilities:** $121K
- **Jobs reported:** 115
## Lender
- **Originating:** Texas State Bank
- **Servicing:** Texas State Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*