# PPP loan: WATSON TRUCK & SUPPLY, INC.
> **$1.70M** approved 04/03/2020 · Paid in Full · Loan `4361327000`
## Borrower
- **Name:** WATSON TRUCK & SUPPLY, INC.
- **Address:** 1501 N Grimes St, HOBBS, NM, 88240-3719
- **NAICS:** 333132
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.70M
- **Initial approval:** $1.70M
- **Forgiven:** $1.71M (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.53M
- **Rent:** $53K
- **Mortgage interest:** $54K
- **Utilities:** $45K
- **Health care:** $18K
- **Jobs reported:** 113
## Lender
- **Originating:** Lea County State Bank
- **Servicing:** Lea County State Bank (NM)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*