# PPP loan: RICHARDS ENERGY COMPRESSION, LLC
> **$634K** approved 04/12/2020 · Paid in Full · Loan `3920757101`
## Borrower
- **Name:** RICHARDS ENERGY COMPRESSION, LLC
- **Address:** 24 REGENCY SQ, HOBBS, NM, 88242-9774
- **NAICS:** 213112
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $634K
- **Initial approval:** $634K
- **Forgiven:** $639K (101%)
- **Forgiveness date:** 03/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $634K
- **Jobs reported:** 33
## Lender
- **Originating:** Western Commerce Bank
- **Servicing:** Western Commerce Bank (NM)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*