# PPP loan: SCOUT OILFIELD SERVICES, LLC
> **$574K** approved 04/28/2020 · Charged Off · Loan `9662417206`
## Borrower
- **Name:** SCOUT OILFIELD SERVICES, LLC
- **Address:** 400 CR 930, TEAGUE, TX, 75860
- **NAICS:** 213112
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $574K
- **Initial approval:** $574K
- **Forgiven:** $520K (91%)
- **Forgiveness date:** 08/25/2021
- **Status:** Charged Off
- **Term:** 5 months
## Use of funds
- **Payroll:** $430K
- **Rent:** $143K
- **Jobs reported:** 50
## Lender
- **Originating:** First National Bank of Central Texas
- **Servicing:** First National Bank of Central Texas (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*