# PPP loan: EASTERN OIL WELL SERVICE COMPANY
> **$473K** approved 05/01/2020 · Paid in Full · Loan `8668227302`
## Borrower
- **Name:** EASTERN OIL WELL SERVICE COMPANY
- **Address:** 9821 Katy Freeway, HOUSTON, TX, 77024
- **NAICS:** 211111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $473K
- **Initial approval:** $473K
- **Forgiven:** $481K (102%)
- **Forgiveness date:** 02/22/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $471K
- **Mortgage interest:** $1K
- **Utilities:** $1K
- **Jobs reported:** 43
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*