# PPP loan: LOCHEND ENERGY SERVICES INC.
> **$1.90M** approved 02/02/2021 · Exemption 4 · Loan `1889978400`
## Borrower
- **Name:** LOCHEND ENERGY SERVICES INC.
- **Address:** 14472 Commerce Park Blvd, Williston, ND, 58801-8504
- **NAICS:** 213111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.90M
- **Initial approval:** $1.90M
- **Forgiven:** $981K (52%)
- **Forgiveness date:** 01/21/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.90M
- **Utilities:** $1
- **Jobs reported:** 107
## Lender
- **Originating:** BMO Bank National Association
- **Servicing:** BMO Bank National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*