# PPP loan: ENERGY TUBULARS, INC.
> **$550K** approved 04/15/2020 · Paid in Full · Loan `8066287105`
## Borrower
- **Name:** ENERGY TUBULARS, INC.
- **Address:** 3010 Old Ranch Pkwy, Suite 400, SEAL BEACH, CA, 90740
- **NAICS:** 213112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $550K
- **Initial approval:** $550K
- **Forgiven:** $556K (101%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $440K
- **Mortgage interest:** $55K
- **Utilities:** $55K
- **Jobs reported:** 19
## 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*