# PPP loan: PRESTO OILFIELD SERVICES, LLC
> **$500K** approved 04/14/2020 · Paid in Full · Loan `6583197101`
## Borrower
- **Name:** PRESTO OILFIELD SERVICES, LLC
- **Address:** 2913 Sunburst Dr, Midland, TX, 79707
- **NAICS:** 811198
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $500K
- **Initial approval:** $500K
- **Forgiven:** $505K (101%)
- **Forgiveness date:** 04/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $500K
- **Jobs reported:** 35
## Lender
- **Originating:** Readycap Lending, LLC
- **Servicing:** Customers Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*