# PPP loan: L&M OILFIELD EQUIPMENT AND SERVICES, LLC
> **$158K** approved 04/08/2020 · Paid in Full · Loan `8472417004`
## Borrower
- **Name:** L&M OILFIELD EQUIPMENT AND SERVICES, LLC
- **Address:** 9913 W CR 146, MIDLAND, TX, 79706
- **NAICS:** 811310
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $158K
- **Initial approval:** $158K
- **Forgiven:** $159K (101%)
- **Forgiveness date:** 02/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $132K
- **Rent:** $18K
- **Mortgage interest:** $7K
- **Utilities:** $1K
- **Jobs reported:** 10
## Lender
- **Originating:** Farmers State Bank of NewCastle
- **Servicing:** Farmers State Bank of NewCastle (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*