# PPP loan: LAREDO OIL INC
> **$1.23M** approved 04/28/2020 · Exemption 4 · Loan `7811177201`
## Borrower
- **Name:** LAREDO OIL INC
- **Address:** 100 N RUBEY DRIVE STE 120, GOLDEN, CO, 80403
- **NAICS:** 211130
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.23M
- **Initial approval:** $1.23M
- **Forgiven:** $1.22M (99%)
- **Forgiveness date:** 07/20/2021
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $1.23M
- **Jobs reported:** 40
## Lender
- **Originating:** IberiaBank, A Division of First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*