# PPP loan: QUELL PETROLEUM SERVICES INC
> **$1.72M** approved 04/08/2020 · Paid in Full · Loan `7877077002`
## Borrower
- **Name:** QUELL PETROLEUM SERVICES INC
- **Address:** 700 n loop 464, MONAHANS, TX, 79756
- **NAICS:** 213112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.72M
- **Initial approval:** $1.72M
- **Forgiven:** $1.73M (101%)
- **Forgiveness date:** 03/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.72M
- **Jobs reported:** 153
## Lender
- **Originating:** American Momentum Bank
- **Servicing:** American Momentum Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*