# PPP loan: WOODS INSURANCE SERVICE, INC.
> **$560K** approved 04/10/2020 · Paid in Full · Loan `2432697103`
## Borrower
- **Name:** WOODS INSURANCE SERVICE, INC.
- **Address:** 4801 N Butler, Ste 12-101, FARMINGTON, NM, 87401-3330
- **NAICS:** 524210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $560K
- **Initial approval:** $560K
- **Forgiven:** $565K (101%)
- **Forgiveness date:** 03/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $495K
- **Rent:** $31K
- **Utilities:** $2K
- **Health care:** $32K
- **Jobs reported:** 38
## Lender
- **Originating:** The Citizens Bank
- **Servicing:** The Citizens Bank (NM)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*