# PPP loan: WATSON CONSTRUCTION CO, INC
> **$4.82M** approved 04/14/2020 · Paid in Full · Loan `7086057109`
## Borrower
- **Name:** WATSON CONSTRUCTION CO, INC
- **Address:** 401 W STANOLIND RD, HOBBS, NM, 88240-7661
- **NAICS:** 238910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.82M
- **Initial approval:** $4.82M
- **Forgiven:** $4.88M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $4.74M
- **Rent:** $55K
- **Utilities:** $23K
- **Jobs reported:** 424
## Lender
- **Originating:** Lea County State Bank
- **Servicing:** Lea County State Bank (NM)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*