Richards Energy Compression, LLC

$633,800 PPP Loan in Hobbs, New Mexico

Loan Details

Loan Number
3920757101
Date Approved
Apr 12, 2020
Loan Status
Paid in Full
Initial Approval
$633,800
Current Approval
$633,800
Forgiveness Amount
$639,409
Forgiveness Date
Mar 5, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Richards Energy Compression, LLC
Address
24 Regency Sq
City
Hobbs
ZIP Code
88242-9774
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Mining, Quarrying, and Oil and Gas Extraction (213112)
Business Age
Existing or more than 2 years old
Jobs Reported
33
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
NM-03

Loan Use Breakdown

Payroll
$633,800

Lender Information

Servicing Lender
Western Commerce Bank
Originating Lender
Western Commerce Bank

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