# PPP loan: LOCHEND ENERGY SERVICES INC.
> **$2.09M** approved 04/10/2020 · Exemption 4 · Loan `2475047107`
## Borrower
- **Name:** LOCHEND ENERGY SERVICES INC.
- **Address:** 14472 Commerce Park Blvd, WILLISTON, ND, 58801-8504
- **NAICS:** 333132
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.09M
- **Initial approval:** $2.09M
- **Forgiven:** $1.07M (51%)
- **Forgiveness date:** 09/16/2021
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $2.09M
- **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*