# PPP loan: INDUSTRIAL OILS, INC.
> **$465K** approved 04/08/2020 · Paid in Full · Loan `8080207001`
## Borrower
- **Name:** INDUSTRIAL OILS, INC.
- **Address:** 2 W INDUSTRIAL LOOP, MIDLAND, TX, 79701-8519
- **NAICS:** 454310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $465K
- **Initial approval:** $465K
- **Forgiven:** $469K (101%)
- **Forgiveness date:** 02/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $465K
- **Jobs reported:** 45
## Lender
- **Originating:** SouthWest Bank
- **Servicing:** SouthWest Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*