# PPP loan: ARCOTEX OIL & GAS INC
> **$178K** approved 03/08/2021 · Paid in Full · Loan `7975328506`
## Borrower
- **Name:** ARCOTEX OIL & GAS INC
- **Address:** 3526 E Highway 82, Gainesville, TX, 76240-7054
- **NAICS:** 213111
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $178K
- **Initial approval:** $178K
- **Forgiven:** $178K (100%)
- **Forgiveness date:** 09/01/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $178K
- **Jobs reported:** 12
## Lender
- **Originating:** First State Bank
- **Servicing:** First State Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*