# PPP loan: CAVALOZ ENERGY INC
> **$779K** approved 02/03/2021 · Exemption 4 · Loan `2449328405`
## Borrower
- **Name:** CAVALOZ ENERGY INC
- **Address:** 324 N Turner St, Hobbs, NM, 88240-8302
- **NAICS:** 213112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $779K
- **Initial approval:** $779K
- **Forgiven:** $640K (82%)
- **Forgiveness date:** 06/13/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $779K
- **Utilities:** $1
- **Jobs reported:** 37
## 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*