PPP Loan information for Banta oilfield service, inc.

$1,045,200

Banta oilfield service, inc. was initially approved for PPP Loan of amount $1,045,200, the current approved amount is $1,045,200. The loan was approved on 04/07/2020 by The Lea County State Bank reported 65 jobs and $1,045,200 was used to fund payroll.

Banta oilfield service, inc. is Existing or more than 2 years old

PPP Loan Search / NM / HOBBS / Banta oilfield service, inc.

BANTA OILFIELD SERVICE, INC.

Date Approved

04/07/2020

SBA Office Code

0682

Processing Method

PPP

Borrower Name

BANTA OILFIELD SERVICE, INC.

Borrower Address

2807 W Marland

Borrower City

HOBBS

Borrower State

NM

Borrower Zip

88240-1706

Loan Status Date

03/27/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1045200.00

Current Approval Amount

1045200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

45791

Servicing Lender Name

Lea County State Bank

Servicing Lender Address

1017 N Turner

Servicing Lender City

HOBBS

Servicing Lender State

NM

Servicing Lender Zip

88240-5150

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HOBBS

Project County Name

LEA

Project State

NM

Project Zip

88240-1706

CD

NM-03

Jobs Reported

65

NAICS Code

213112

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

10000.00

Payroll Proceed

977700.00

Mortgage Interest Proceed

0.00

Rent Proceed

7500.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

50000

Business Type

Employee Stock Ownership Plan(ESOP)

Originating Lender Location Id

45791

Originating Lender

Lea County State Bank

Originating Lender City

HOBBS

Originating Lender State

NM

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1052587.99

Forgiveness Date

12/31/2020

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