# PPP loan: PORTABLE MUD SYSTEMS INC.
> **$345K** approved 02/04/2021 · Exemption 4 · Loan `3253928400`
## Borrower
- **Name:** PORTABLE MUD SYSTEMS INC.
- **Address:** 4958 Rustic Trl, Midland, TX, 79707-1426
- **NAICS:** 532412
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $345K
- **Initial approval:** $345K
- **Forgiven:** $234K (68%)
- **Forgiveness date:** 06/26/2023
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $345K
- **Utilities:** $1
- **Jobs reported:** 16
## Lender
- **Originating:** Stellar Bank
- **Servicing:** Stellar Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*