Coil Tubing Partners LLC

$10,000,000 PPP Loan in Lafayette, Louisiana

Loan Details

Loan Number
7706037105
Date Approved
Apr 14, 2020
Loan Status
Exemption 4
Initial Approval
$10,000,000
Current Approval
$10,000,000
Forgiveness Amount
$5,955,751
Forgiveness Date
Jan 28, 2022
Term
60 months
Draw
First Draw

Business Information

Business Name
Coil Tubing Partners LLC
Address
2014 Pinhook Rd
ZIP Code
70508-8505
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
250
Estimated Revenue
$15.2M
Rural/Urban
Urban
Congressional District
LA-03

Loan Use Breakdown

Payroll
$8,300,000
Rent
$1,360,000
Utilities
$40,000
Health Care
$300,000

Lender Information

Servicing Lender
Hancock Whitney Bank
Originating Lender
Hancock Whitney Bank

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