# PPP loan: OIL AND GAS EQUIPMENT CORPORATION
> **$275K** approved 01/22/2021 · Paid in Full · Loan `3480608300`
## Borrower
- **Name:** OIL AND GAS EQUIPMENT CORPORATION
- **Address:** 5800 Country Club Dr, Farmington, NM, 87402-5195
- **NAICS:** 423830
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $275K
- **Initial approval:** $275K
- **Forgiven:** $276K (100%)
- **Forgiveness date:** 07/21/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $275K
- **Jobs reported:** 25
## 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*