Oil and Gas Equipment Corporation

$287,600 PPP Loan in Flora Vista, New Mexico

Loan Details

Loan Number
3173607108
Date Approved
Apr 11, 2020
Loan Status
Paid in Full
Initial Approval
$287,600
Current Approval
$287,600
Forgiveness Amount
$289,775
Forgiveness Date
Jan 25, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Oil and Gas Equipment Corporation
Address
8 Road 350
ZIP Code
87415-9685
Business Type
Corporation
Industry (NAICS)
Mining, Quarrying, and Oil and Gas Extraction (213112)
Business Age
Existing or more than 2 years old
Jobs Reported
23
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
NM-03

Loan Use Breakdown

Payroll
$193,892
Rent
$45,000
Utilities
$15,000
Health Care
$17,708
Mortgage Interest
$6,000
Debt Interest
$10,000

Lender Information

Servicing Lender
The Citizens Bank
Originating Lender
The Citizens Bank

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