PPP Loan information for Banta oilfield services inc

$590,000

Banta oilfield services inc was initially approved for PPP Loan of amount $590,000, the current approved amount is $590,000. The loan was approved on 01/17/2021 by The Lea County State Bank reported 48 jobs and $590,000 was used to fund payroll.

Banta oilfield services inc is Existing or more than 2 years old

PPP Loan Search / NM / Hobbs / Banta oilfield services inc

BANTA OILFIELD SERVICES INC

Date Approved

01/17/2021

SBA Office Code

0682

Processing Method

PPS

Borrower Name

BANTA OILFIELD SERVICES INC

Borrower Address

2807 W Marland St

Borrower City

Hobbs

Borrower State

NM

Borrower Zip

88240-8626

Loan Status Date

09/15/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

590000.00

Current Approval Amount

590000.00

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

Y

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

88240-8626

CD

NM-02

Jobs Reported

48

NAICS Code

213112

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

589996.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

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

593265.21

Forgiveness Date

08/11/2021

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