# PPP loan: LOBO WELL SERVICE, INC.
> **$187K** approved 04/15/2020 · Paid in Full · Loan `1384117202`
## Borrower
- **Name:** LOBO WELL SERVICE, INC.
- **Address:** 5630 Bloomfield HWY, FARMINGTON, NM, 87401-4087
- **NAICS:** 213111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $187K
- **Initial approval:** $187K
- **Forgiven:** $153K (81%)
- **Forgiveness date:** 02/10/2022
- **Status:** Paid in Full
- **Term:** 59 months
## Use of funds
- **Payroll:** $170K
- **Mortgage interest:** $14K
- **Utilities:** $3K
- **Jobs reported:** 15
## Lender
- **Originating:** The Citizens Bank
- **Servicing:** The Citizens Bank (NM)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*