# PPP loan: POWER RIG, LLC
> **$2.89M** approved 04/14/2020 · Paid in Full · Loan `6005257104`
## Borrower
- **Name:** POWER RIG, LLC
- **Address:** 5060 Western Ave, WOODWARD, OK, 73801
- **NAICS:** 213111
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.89M
- **Initial approval:** $2.89M
- **Forgiven:** $2.42M (84%)
- **Forgiveness date:** 04/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.48M
- **Rent:** $8K
- **Mortgage interest:** $75K
- **Utilities:** $4K
- **Health care:** $325K
- **Jobs reported:** 156
## Lender
- **Originating:** Bank 7
- **Servicing:** Bank 7 (OK)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*