# PPP loan: OATES INDUSTRIES, INC.
> **$1.57M** approved 04/09/2020 · Paid in Full · Loan `9778317006`
## Borrower
- **Name:** OATES INDUSTRIES, INC.
- **Address:** 2900 E X ST, LA PORTE, TX, 77571-6662
- **NAICS:** 238160
- **Business type:** Independent Contractors
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.57M
- **Initial approval:** $1.57M
- **Forgiven:** $1.59M (101%)
- **Forgiveness date:** 07/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.57M
- **Jobs reported:** 229
## Lender
- **Originating:** Frost Bank
- **Servicing:** Frost Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*