# PPP loan: PETROTECH, INC.
> **$1.08M** approved 04/07/2020 · Paid in Full · Loan `7226527002`
## Borrower
- **Name:** PETROTECH, INC.
- **Address:** 151 BROOKHOLLOW ESPLANADE, NEW ORLEANS, LA, 70123-5101
- **NAICS:** 333132
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.08M
- **Initial approval:** $1.08M
- **Forgiven:** $1.08M (101%)
- **Forgiveness date:** 11/12/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.00M
- **Health care:** $77K
- **Jobs reported:** 52
## Lender
- **Originating:** Hancock Whitney Bank
- **Servicing:** Hancock Whitney Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*