# PPP loan: MD ENERGY SERVICES LLC
> **$641K** approved 04/06/2020 · Exemption 4 · Loan `6000947002`
## Borrower
- **Name:** MD ENERGY SERVICES LLC
- **Address:** 2703 S Count Rd 1180 Yard G, MIDLAND, TX, 79706-4032
- **NAICS:** 238990
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $641K
- **Initial approval:** $641K
- **Forgiven:** $504K (79%)
- **Forgiveness date:** 07/20/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $567K
- **Rent:** $5K
- **Utilities:** $15K
- **Debt interest:** $54K
- **Jobs reported:** 20
## Lender
- **Originating:** First United Bank and Trust Company
- **Servicing:** First United Bank and Trust Company (OK)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*