# PPP loan: LCH WELL SERVICING, LLC
> **$485K** approved 04/06/2020 · Paid in Full · Loan `6063867010`
## Borrower
- **Name:** LCH WELL SERVICING, LLC
- **Address:** PO BOX, ARTESIA, NM, 88211-0091
- **NAICS:** 211120
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $485K
- **Initial approval:** $524K
- **Forgiven:** $490K (101%)
- **Forgiveness date:** 02/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $425K
- **Mortgage interest:** $9K
- **Utilities:** $4K
- **Health care:** $48K
- **Jobs reported:** 30
## 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*