# PPP loan: KENCO OIL TOOLS INC
> **$254K** approved 01/27/2021 · Paid in Full · Loan `6908478304`
## Borrower
- **Name:** KENCO OIL TOOLS INC
- **Address:** 8005 County Road 6920, Lubbock, TX, 79407-5758
- **NAICS:** 213112
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $254K
- **Initial approval:** $254K
- **Forgiven:** $255K (100%)
- **Forgiveness date:** 07/21/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $254K
- **Utilities:** $1
- **Jobs reported:** 10
## Lender
- **Originating:** Prosperity Bank
- **Servicing:** Prosperity Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*