Winch & Wrench, Inc.

$587,500 PPP Loan in Odessa, Texas

Loan Details

Loan Number
7116377102
Date Approved
Apr 14, 2020
Loan Status
Paid in Full
Initial Approval
$587,500
Current Approval
$587,500
Forgiveness Amount
$594,811
Forgiveness Date
Jul 7, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Winch & Wrench, Inc.
Address
P O Box 12787
City
Odessa
State
Texas
ZIP Code
79768-2787
Business Type
Corporation
Industry (NAICS)
Mining, Quarrying, and Oil and Gas Extraction (213112)
Business Age
Existing or more than 2 years old
Jobs Reported
29
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
TX-11

Loan Use Breakdown

Payroll
$472,800
Rent
$55,000
Utilities
$12,000
Health Care
$45,000
Mortgage Interest
$1,500
Debt Interest
$1,200

Lender Information

Servicing Lender
Tejas Bank
Originating Lender
Tejas Bank

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