# PPP loan: PRODUCED WATER ABSORBENTS INC.
> **$409K** approved 02/14/2021 · Exemption 4 · Loan `8817958408`
## Borrower
- **Name:** PRODUCED WATER ABSORBENTS INC.
- **Address:** 6795 Bingle Rd, Houston, TX, 77092-1102
- **NAICS:** 213112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $409K
- **Initial approval:** $409K
- **Forgiven:** $392K (96%)
- **Forgiveness date:** 06/17/2024
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $409K
- **Utilities:** $1
- **Jobs reported:** 15
## Lender
- **Originating:** Wallis Bank
- **Servicing:** Wallis Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*