# PPP loan: ULTIMATE ENERGY SERVICES, INC
> **$513K** approved 04/13/2020 · Paid in Full · Loan `5501237103`
## Borrower
- **Name:** ULTIMATE ENERGY SERVICES, INC
- **Address:** 2556 APPLEWOOD PL, GRAND JUNCTION, CO, 81506-4701
- **NAICS:** 221118
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $513K
- **Initial approval:** $513K
- **Forgiven:** $519K (101%)
- **Forgiveness date:** 08/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $385K
- **Rent:** $128K
- **Jobs reported:** 30
## Lender
- **Originating:** Timberline Bank
- **Servicing:** Timberline Bank (CO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*