# PPP loan: COIL TUBING PARTNERS LLC
> **$10.00M** approved 04/14/2020 · Exemption 4 · Loan `7706037105`
## Borrower
- **Name:** COIL TUBING PARTNERS LLC
- **Address:** 2014 PINHOOK RD, LAFAYETTE, LA, 70508-8505
- **NAICS:** 213112
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $10.00M
- **Initial approval:** $10.00M
- **Forgiven:** $5.96M (60%)
- **Forgiveness date:** 01/28/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $8.30M
- **Rent:** $1.36M
- **Utilities:** $40K
- **Health care:** $300K
- **Jobs reported:** 250
## 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*