# PPP loan: PARAGON GEOPHYSICAL SERVICES, INC.
> **$1.33M** approved 06/23/2020 · Exemption 4 · Loan `2015598005`
## Borrower
- **Name:** PARAGON GEOPHYSICAL SERVICES, INC.
- **Address:** 3500 North Rock Road, Wichita, KS, 67226
- **NAICS:** 213112
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.33M
- **Initial approval:** $1.33M
- **Forgiven:** $1.15M (87%)
- **Forgiveness date:** 04/19/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $997K
- **Rent:** $133K
- **Utilities:** $66K
- **Health care:** $133K
- **Jobs reported:** 133
## Lender
- **Originating:** American Express National Bank
- **Servicing:** American Express National Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*