# PPP loan: L & R WELL SERVICE, INC
> **$1.04M** approved 04/06/2020 · Paid in Full · Loan `5943157002`
## Borrower
- **Name:** L & R WELL SERVICE, INC
- **Address:** 1ST ST, ARTESIA, NM, 88210-9735
- **NAICS:** 213112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.04M
- **Initial approval:** $1.04M
- **Forgiven:** $1.05M (101%)
- **Forgiveness date:** 11/20/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $872K
- **Utilities:** $69K
- **Health care:** $85K
- **Debt interest:** $15K
- **Jobs reported:** 58
## Lender
- **Originating:** Western Bank, Artesia, New Mexico
- **Servicing:** Western Bank, Artesia, New Mexico (NM)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*