# PPP loan: RICHARD'S ENERGY COMPRESSION LLC
> **$563K** approved 03/26/2021 · Paid in Full · Loan `9424658601`
## Borrower
- **Name:** RICHARD'S ENERGY COMPRESSION LLC
- **Address:** 1629 W Bender Blvd, Hobbs, NM, 88240-8010
- **NAICS:** 334515
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $563K
- **Initial approval:** $563K
- **Forgiven:** $567K (101%)
- **Forgiveness date:** 12/06/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $563K
- **Jobs reported:** 33
## 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*