# PPP loan: TRACO PRODUCTION SERVICES, INC.
> **$671K** approved 04/07/2020 · Exemption 4 · Loan `6877807002`
## Borrower
- **Name:** TRACO PRODUCTION SERVICES, INC.
- **Address:** 425 GRIFFIN RD, YOUNGSVILLE, LA, 70592-5517
- **NAICS:** 213112
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $671K
- **Initial approval:** $671K
- **Forgiven:** $271K (40%)
- **Forgiveness date:** 08/24/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $537K
- **Utilities:** $134K
- **Jobs reported:** 39
## Lender
- **Originating:** South Louisiana Bank
- **Servicing:** South Louisiana Bank (LA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*