# PPP loan: CONCHO TRENCHING INC
> **$164K** approved 01/29/2021 · Paid in Full · Loan `8506298305`
## Borrower
- **Name:** CONCHO TRENCHING INC
- **Address:** 3002 S County Road 1225, Midland, TX, 79706-3351
- **NAICS:** 237130
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $164K
- **Initial approval:** $164K
- **Forgiven:** $165K (101%)
- **Forgiveness date:** 10/18/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $164K
- **Jobs reported:** 18
## Lender
- **Originating:** Community National Bank
- **Servicing:** Community National Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*