# PPP loan: COT OIL TOOL, INC
> **$195K** approved 04/09/2020 · Paid in Full · Loan `9629517003`
## Borrower
- **Name:** COT OIL TOOL, INC
- **Address:** 1619 PO BOX, GIDDINGS, TX, 78942-1479
- **NAICS:** 532490
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $195K
- **Initial approval:** $195K
- **Forgiven:** $197K (101%)
- **Forgiveness date:** 12/22/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $147K
- **Utilities:** $49K
- **Jobs reported:** 12
## Lender
- **Originating:** First Financial Bank
- **Servicing:** First Financial Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*