# PPP loan: ABRAXAS PETROLEUM CORPORATION
> **$1.38M** approved 04/29/2020 · Paid in Full · Loan `2750107303`
## Borrower
- **Name:** ABRAXAS PETROLEUM CORPORATION
- **Address:** 18803 MEISNER DR, SAN ANTONIO, TX, 78258-4240
- **NAICS:** 424710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.38M
- **Initial approval:** $1.38M
- **Forgiven:** $1.38M (101%)
- **Forgiveness date:** 01/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.36M
- **Mortgage interest:** $16K
- **Utilities:** $4K
- **Jobs reported:** 71
## Lender
- **Originating:** Cadence Bank
- **Servicing:** Cadence Bank (MS)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*