PPP Loan information for Wellhead compression inc

$550,300

Wellhead compression inc was initially approved for PPP Loan of amount $550,300, the current approved amount is $550,300. The loan was approved on 04/03/2020 by The Bank of the Southwest reported 32 jobs and $550,300 was used to fund payroll.

Wellhead compression inc is Existing or more than 2 years old

PPP Loan Search / NM / FARMINGTON / Wellhead compression inc

WELLHEAD COMPRESSION INC

Date Approved

04/03/2020

SBA Office Code

0682

Processing Method

PPP

Borrower Name

WELLHEAD COMPRESSION INC

Borrower Address

59 Rd 3720

Borrower City

FARMINGTON

Borrower State

NM

Borrower Zip

87401

Loan Status Date

12/15/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

550300.00

Current Approval Amount

550300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

46008

Servicing Lender Name

Bank of the Southwest

Servicing Lender Address

226 N Main St

Servicing Lender City

ROSWELL

Servicing Lender State

NM

Servicing Lender Zip

88201-4723

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

FARMINGTON

Project County Name

SAN JUAN

Project State

NM

Project Zip

87401-0002

CD

NM-03

Jobs Reported

32

NAICS Code

213112

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

15000.00

Payroll Proceed

484300.00

Mortgage Interest Proceed

0.00

Rent Proceed

45000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

6000

Business Type

Corporation

Originating Lender Location Id

46008

Originating Lender

Bank of the Southwest

Originating Lender City

ROSWELL

Originating Lender State

NM

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

553435.96

Forgiveness Date

11/03/2020

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