Banta Oilfield Service, Inc.
$1,045,200 PPP Loan in Hobbs, New Mexico
Loan Details
- Loan Number
- 7201577010
- Date Approved
- Apr 7, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $1,045,200
- Current Approval
- $1,045,200
- Forgiveness Amount
- $1,052,588
- Forgiveness Date
- Dec 31, 2020
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Banta Oilfield Service, Inc.
- Address
- 2807 W Marland
- City
- Hobbs
- State
- New Mexico
- ZIP Code
- 88240-1706
- Business Type
- Employee Stock Ownership Plan(esop)
- Industry (NAICS)
- Mining, Quarrying, and Oil and Gas Extraction (213112)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 65
- Estimated Revenue
- <$5M
- Rural/Urban
- Urban
- Congressional District
- NM-03
Loan Use Breakdown
- Payroll
- $977,700
- Rent
- $7,500
- Utilities
- $10,000
- Debt Interest
- $50,000
Lender Information
- Servicing Lender
- Lea County State Bank
- Originating Lender
- Lea County State Bank
Other PPP Loans in Hobbs, NM
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|---|---|---|
| Watson Construction Co, INC | $4,822,100 |  AI Deep Dive |
| D&d Pipeline Construction, Inc. | $3,220,600 | AI Deep Dive |
| Ingram Professional Services, Inc. | $2,899,300 | AI Deep Dive |
| Milford Pipe and Supply, Inc. | $2,862,456 | AI Deep Dive |
| Aries Well Service INC | $2,276,578 | AI Deep Dive |
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