PPP Loan information for Petroplex pipe & construction

$2,000,000

Petroplex pipe & construction was initially approved for PPP Loan of amount $2,000,000, the current approved amount is $2,000,000. The loan was approved on 01/23/2021 by The Community National Bank reported 83 jobs and $2,000,000 was used to fund payroll.

Petroplex pipe & construction is Existing or more than 2 years old

PPP Loan Search / TX / Midland / Petroplex pipe & construction

PETROPLEX PIPE & CONSTRUCTION

Date Approved

01/23/2021

SBA Office Code

0678

Processing Method

PPS

Borrower Name

PETROPLEX PIPE & CONSTRUCTION

Borrower Address

2802 W County Rd 11

Borrower City

Midland

Borrower State

TX

Borrower Zip

79706

Loan Status Date

04/09/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

2000000.00

Current Approval Amount

2000000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

71446

Servicing Lender Name

Community National Bank

Servicing Lender Address

500 W Illinios Ave

Servicing Lender City

MIDLAND

Servicing Lender State

TX

Servicing Lender Zip

79701-4234

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Midland

Project County Name

MIDLAND

Project State

TX

Project Zip

79706

CD

TX-11

Jobs Reported

83

NAICS Code

213112

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1999995.00

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

71446

Originating Lender

Community National Bank

Originating Lender City

MIDLAND

Originating Lender State

TX

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

2023388.89

Forgiveness Date

03/28/2022

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