# PPP loan: APPLIED INDUSTRIAL COATINGS, LLC
> **$457K** approved 04/07/2020 · Paid in Full · Loan `6870987007`
## Borrower
- **Name:** APPLIED INDUSTRIAL COATINGS, LLC
- **Address:** 13920 S MERIDIAN, OKLAHOMA CITY, OK, 73173
- **NAICS:** 332813
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $457K
- **Initial approval:** $457K
- **Forgiven:** $462K (101%)
- **Forgiveness date:** 03/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $366K
- **Rent:** $46K
- **Utilities:** $46K
- **Jobs reported:** 32
## Lender
- **Originating:** Gulf Capital Bank
- **Servicing:** Gulf Capital Bank (TX)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*