# PPP loan: HYDROSTATIC PIPE SERVICE, INC.
> **$584K** approved 04/10/2020 · Paid in Full · Loan `1769567100`
## Borrower
- **Name:** HYDROSTATIC PIPE SERVICE, INC.
- **Address:** 3030 W Marland, Hobbs, NM, 88240-8657
- **NAICS:** 213112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $584K
- **Initial approval:** $584K
- **Forgiven:** $590K (101%)
- **Forgiveness date:** 04/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $467K
- **Rent:** $9K
- **Health care:** $108K
- **Jobs reported:** 53
## Lender
- **Originating:** Western Commerce Bank
- **Servicing:** Western Commerce Bank (NM)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*