# PPP loan: 50-50 BACKHOE SERVICE LLC
> **$531K** approved 04/06/2020 · Paid in Full · Loan `6186397000`
## Borrower
- **Name:** 50-50 BACKHOE SERVICE LLC
- **Address:** PO BOX, ARTESIA, NM, 88211-0375
- **NAICS:** 213112
- **Business type:** Limited Liability Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $531K
- **Initial approval:** $805K
- **Forgiven:** $534K (101%)
- **Forgiveness date:** 11/19/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $419K
- **Rent:** $20K
- **Utilities:** $8K
- **Health care:** $60K
- **Debt interest:** $24K
- **Jobs reported:** 42
## 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*