Aries Well Service Inc.

$2,000,000 PPP Loan in Hobbs, New Mexico

Loan Details

Loan Number
1490768503
Date Approved
Feb 19, 2021
Loan Status
Paid in Full
Initial Approval
$2,000,000
Current Approval
$2,000,000
Forgiveness Amount
$2,021,111
Forgiveness Date
Mar 11, 2022
Term
60 months
Draw
Second Draw

Business Information

Business Name
Aries Well Service Inc.
Address
2626 W Marland St
City
Hobbs
ZIP Code
88240-8653
Business Type
Corporation
Industry (NAICS)
Mining, Quarrying, and Oil and Gas Extraction (213111)
Business Age
Existing or more than 2 years old
Jobs Reported
111
Estimated Revenue
$6.7M
Rural/Urban
Urban
Congressional District
NM-03

Loan Use Breakdown

Payroll
$1,999,998
Utilities
$1

Lender Information

Servicing Lender
American Momentum Bank
Originating Lender
American Momentum Bank

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