# PPP loan: NECO INDUSTRIES INC
> **$288K** approved 04/07/2020 · Paid in Full · Loan `7100517004`
## Borrower
- **Name:** NECO INDUSTRIES INC
- **Address:** 3345 S ANN ARBOR AVE, OKLAHOMA CITY, OK, 73179-7619
- **NAICS:** 331210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $288K
- **Initial approval:** $288K
- **Forgiven:** $290K (101%)
- **Forgiveness date:** 02/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $224K
- **Rent:** $18K
- **Utilities:** $9K
- **Health care:** $37K
- **Jobs reported:** 23
## Lender
- **Originating:** First Bethany Bank & Trust
- **Servicing:** First Bethany Bank & Trust (OK)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*