PPP Loan information for Fab tech drilling equipment inc.

$288,043

Fab tech drilling equipment inc. was initially approved for PPP Loan of amount $288,043, the current approved amount is $288,043. The loan was approved on 02/26/2021 by The SouthWest Bank reported 17 jobs and $288,043 was used to fund payroll.

Fab tech drilling equipment inc. is Existing or more than 2 years old

PPP Loan Search / TX / Odessa / Fab tech drilling equipment inc.

FAB TECH DRILLING EQUIPMENT INC.

Date Approved

02/26/2021

SBA Office Code

0678

Processing Method

PPS

Borrower Name

FAB TECH DRILLING EQUIPMENT INC.

Borrower Address

2228 Steven Rd

Borrower City

Odessa

Borrower State

TX

Borrower Zip

79764-1825

Loan Status Date

07/02/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

288043.00

Current Approval Amount

288043.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

72181

Servicing Lender Name

SouthWest Bank

Servicing Lender Address

4800 E 42nd St

Servicing Lender City

ODESSA

Servicing Lender State

TX

Servicing Lender Zip

79762-7214

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Odessa

Project County Name

ECTOR

Project State

TX

Project Zip

79764-1825

CD

TX-11

Jobs Reported

17

NAICS Code

333132

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

288040.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

72181

Originating Lender

SouthWest Bank

Originating Lender City

ODESSA

Originating Lender State

TX

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

291683.54

Forgiveness Date

06/08/2022

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