# PPP loan: MCNABB SERVICES INC.
> **$311K** approved 04/07/2020 · Paid in Full · Loan `7230887008`
## Borrower
- **Name:** MCNABB SERVICES INC.
- **Address:** 5370 Carlsbad Highway, HOBBS, NM, 88240
- **NAICS:** 213112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $311K
- **Initial approval:** $311K
- **Forgiven:** $313K (101%)
- **Forgiveness date:** 01/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $274K
- **Rent:** $8K
- **Utilities:** $15K
- **Health care:** $5K
- **Debt interest:** $9K
- **Jobs reported:** 18
## Lender
- **Originating:** Lea County State Bank
- **Servicing:** Lea County State Bank (NM)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*