# PPP loan: SHEARWATER GEOSERVICES INC
> **$1.05M** approved 04/30/2020 · Exemption 4 · Loan `6897677302`
## Borrower
- **Name:** SHEARWATER GEOSERVICES INC
- **Address:** 1080 Eldridge Pkwy, Houston, TX, 77077
- **NAICS:** 541360
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.05M
- **Initial approval:** $1.05M
- **Forgiven:** $840K (80%)
- **Forgiveness date:** 10/12/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.05M
- **Jobs reported:** 37
## Lender
- **Originating:** Zions Bank, A Division of
- **Servicing:** Zions Bank, A Division of (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*