# PPP loan: NEW WAVE ENERGY SERVICES LTD
> **$3.41M** approved 04/03/2020 · Paid in Full · Loan `4514387009`
## Borrower
- **Name:** NEW WAVE ENERGY SERVICES LTD
- **Address:** 303 W WALL STREET, SUITE 2201, MIDLAND, TX, 79701-5101
- **NAICS:** 213112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.41M
- **Initial approval:** $3.28M
- **Forgiven:** $3.45M (101%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.11M
- **Rent:** $200K
- **Health care:** $100K
- **Jobs reported:** 188
## Lender
- **Originating:** Bravera Bank
- **Servicing:** Bravera Bank (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*