# PPP loan: STANOLIND OPERATING LLC
> **$800K** approved 06/03/2020 · Paid in Full · Loan `7472407802`
## Borrower
- **Name:** STANOLIND OPERATING LLC
- **Address:** 310 W Wall Street Suite 1000, MIDLAND, TX, 79701-5102
- **NAICS:** 211120
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $800K
- **Initial approval:** $800K
- **Forgiven:** $807K (101%)
- **Forgiveness date:** 04/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $640K
- **Mortgage interest:** $80K
- **Utilities:** $80K
- **Jobs reported:** 46
## Lender
- **Originating:** Gulf Capital Bank
- **Servicing:** Gulf Capital Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*