PPP Loan information for Power rig, llc

$2,890,300

Power rig, llc was initially approved for PPP Loan of amount $2,890,300, the current approved amount is $2,890,300. The loan was approved on 04/14/2020 by The Bank 7 reported 156 jobs and $2,890,300 was used to fund payroll.

Power rig, llc is Existing or more than 2 years old

POWER RIG, LLC

Date Approved

04/14/2020

SBA Office Code

0680

Processing Method

PPP

Borrower Name

POWER RIG, LLC

Borrower Address

5060 Western Ave

Borrower City

WOODWARD

Borrower State

OK

Borrower Zip

73801

Loan Status Date

05/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2890300.00

Current Approval Amount

2890300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

59062

Servicing Lender Name

Bank 7

Servicing Lender Address

1039 NW 63rd St

Servicing Lender City

OKLAHOMA CITY

Servicing Lender State

OK

Servicing Lender Zip

73116-7361

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

WOODWARD

Project County Name

WOODWARD

Project State

OK

Project Zip

73801-1000

CD

OK-03

Jobs Reported

156

NAICS Code

213111

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

4000.00

Payroll Proceed

2478300.00

Mortgage Interest Proceed

75000.00

Rent Proceed

8000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

325000.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

59062

Originating Lender

Bank 7

Originating Lender City

OKLAHOMA CITY

Originating Lender State

OK

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

2420217.65

Forgiveness Date

04/09/2021

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