# PPP loan: STONE OILFIELD SERVICES INC.
> **$1.07M** approved 01/21/2021 · Paid in Full · Loan `3064008309`
## Borrower
- **Name:** STONE OILFIELD SERVICES INC.
- **Address:** 725 Tatum Hwy, Lovington, NM, 88260-2385
- **NAICS:** 484220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.07M
- **Initial approval:** $1.07M
- **Forgiven:** $1.08M (101%)
- **Forgiveness date:** 01/13/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.07M
- **Utilities:** $1
- **Jobs reported:** 65
## Lender
- **Originating:** First American Bank
- **Servicing:** First American Bank (NM)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*