PPP Loan information for Southwest royalties inc

$527,700

Southwest royalties inc was initially approved for PPP Loan of amount $527,700, the current approved amount is $527,700. The loan was approved on 04/28/2020 by The Prosperity Bank reported 23 jobs and $527,700 was used to fund payroll.

Southwest royalties inc is Existing or more than 2 years old

PPP Loan Search / TX / Midland / Southwest royalties inc

SOUTHWEST ROYALTIES INC

Date Approved

04/28/2020

SBA Office Code

0678

Processing Method

PPP

Borrower Name

SOUTHWEST ROYALTIES INC

Borrower Address

200 N Loraine Suite 400

Borrower City

Midland

Borrower State

TX

Borrower Zip

79701-4735

Loan Status Date

06/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

527700.00

Current Approval Amount

527700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

69819

Servicing Lender Name

Prosperity Bank

Servicing Lender Address

1301 N Mechanic

Servicing Lender City

El Campo

Servicing Lender State

TX

Servicing Lender Zip

77437

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Midland

Project County Name

MIDLAND

Project State

TX

Project Zip

79701-4735

CD

TX-11

Jobs Reported

23

NAICS Code

211120

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

527700.00

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

69819

Originating Lender

Prosperity Bank

Originating Lender City

El Campo

Originating Lender State

TX

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

533237.24

Forgiveness Date

05/18/2021

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