# PPP loan: RELIABLE WELL SERVICE, INC
> **$168K** approved 04/07/2020 · Paid in Full · Loan `7020657000`
## Borrower
- **Name:** RELIABLE WELL SERVICE, INC
- **Address:** W Texas Ave, ARTESIA, NM, 88210-1900
- **NAICS:** 213111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $168K
- **Initial approval:** $168K
- **Forgiven:** $169K (101%)
- **Forgiveness date:** 02/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $113K
- **Rent:** $4K
- **Mortgage interest:** $27K
- **Utilities:** $3K
- **Health care:** $21K
- **Jobs reported:** 27
## 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*