# PPP loan: RIG POWER INC.
> **$765K** approved 02/09/2021 · Paid in Full · Loan `5684128408`
## Borrower
- **Name:** RIG POWER INC.
- **Address:** 415 W Wall St Ste 835, Midland, TX, 79701-4592
- **NAICS:** 213112
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $765K
- **Initial approval:** $765K
- **Forgiven:** $776K (101%)
- **Forgiveness date:** 07/28/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $765K
- **Jobs reported:** 88
## Lender
- **Originating:** The Yoakum National Bank
- **Servicing:** The Yoakum National Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*