# PPP loan: OIL AND GAS EQUIPMENT CORPORATION
> **$288K** approved 04/11/2020 · Paid in Full · Loan `3173607108`
## Borrower
- **Name:** OIL AND GAS EQUIPMENT CORPORATION
- **Address:** 8 Road 350, FLORA VISTA, NM, 87415-9685
- **NAICS:** 213112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $288K
- **Initial approval:** $288K
- **Forgiven:** $290K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $194K
- **Rent:** $45K
- **Mortgage interest:** $6K
- **Utilities:** $15K
- **Health care:** $18K
- **Debt interest:** $10K
- **Jobs reported:** 23
## Lender
- **Originating:** The Citizens Bank
- **Servicing:** The Citizens Bank (NM)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*