PPP Loan information for Cavaloz energy inc

$779,000

Cavaloz energy inc was initially approved for PPP Loan of amount $779,000, the current approved amount is $779,000. The loan was approved on 02/03/2021 by The Western Commerce Bank reported 37 jobs and $779,000 was used to fund payroll.

Cavaloz energy inc is Existing or more than 2 years old

PPP Loan Search / NM / Hobbs / Cavaloz energy inc

CAVALOZ ENERGY INC

Date Approved

02/03/2021

SBA Office Code

0682

Processing Method

PPS

Borrower Name

CAVALOZ ENERGY INC

Borrower Address

324 N Turner St

Borrower City

Hobbs

Borrower State

NM

Borrower Zip

88240-8302

Loan Status Date

Loan Status

Exemption 4

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

779000.00

Current Approval Amount

779000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

45737

Servicing Lender Name

Western Commerce Bank

Servicing Lender Address

127 S Canyon St

Servicing Lender City

CARLSBAD

Servicing Lender State

NM

Servicing Lender Zip

88220-5732

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

88240-8302

CD

NM-03

Jobs Reported

37

NAICS Code

213112

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

778995.00

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

Corporation

Originating Lender Location Id

45737

Originating Lender

Western Commerce Bank

Originating Lender City

CARLSBAD

Originating Lender State

NM

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

640161.10

Forgiveness Date

06/13/2022

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