# PPP loan: KENCOIL INC.
> **$1.12M** approved 04/09/2020 · Paid in Full · Loan `9270627004`
## Borrower
- **Name:** KENCOIL INC.
- **Address:** 2805 Engineers RD 0.0, Belle Chasse, LA, 70037-3152
- **NAICS:** 335312
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.12M
- **Initial approval:** $1.12M
- **Forgiven:** $1.12M (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $900K
- **Rent:** $36K
- **Utilities:** $31K
- **Health care:** $150K
- **Jobs reported:** 82
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*