# PPP loan: KING LOGISTIC OIL LLC
> **$934K** approved 03/16/2021 · Charged Off · Loan `3369308600`
## Borrower
- **Name:** KING LOGISTIC OIL LLC
- **Address:** 5024 W Steel Driver Rd, Hobbs, NM, 88240-0849
- **NAICS:** 484122
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $934K
- **Initial approval:** $934K
- **Status:** Charged Off
- **Term:** 29 months
## Use of funds
- **Payroll:** $934K
- **Utilities:** $1
- **Jobs reported:** 43
## Lender
- **Originating:** Wells Fargo Bank, National Association
- **Servicing:** Wells Fargo Bank, National Association (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*