# PPP loan: ARGUIJO OILFIELD SERVICES, INC
> **$1.46M** approved 07/29/2020 · Paid in Full · Loan `1022518203`
## Borrower
- **Name:** ARGUIJO OILFIELD SERVICES, INC
- **Address:** 2800 W 42nd Street, ODESSA, TX, 79764-6317
- **NAICS:** 213111
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.46M
- **Initial approval:** $1.46M
- **Forgiven:** $1.47M (101%)
- **Forgiveness date:** 05/14/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.17M
- **Rent:** $146K
- **Utilities:** $146K
- **Jobs reported:** 166
## Lender
- **Originating:** City Bank
- **Servicing:** City Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*