PPP Loan information for Independence contract drilling, inc

$10,000,000

Independence contract drilling, inc was initially approved for PPP Loan of amount $10,000,000, the current approved amount is $10,000,000. The loan was approved on 04/27/2020 by The City Bank reported 500 jobs and $10,000,000 was used to fund payroll.

Independence contract drilling, inc is Existing or more than 2 years old

PPP Loan Search / TX / HOUSTON / Independence contract drilling, inc

INDEPENDENCE CONTRACT DRILLING, INC

Date Approved

04/27/2020

SBA Office Code

0671

Processing Method

PPP

Borrower Name

INDEPENDENCE CONTRACT DRILLING, INC

Borrower Address

20475 STATE HIGHWAY 249

Borrower City

HOUSTON

Borrower State

TX

Borrower Zip

77070-2755

Loan Status Date

09/30/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

10000000.00

Current Approval Amount

10000000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

71330

Servicing Lender Name

City Bank

Servicing Lender Address

5219 City Bank Pkwy

Servicing Lender City

LUBBOCK

Servicing Lender State

TX

Servicing Lender Zip

79407-3544

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HOUSTON

Project County Name

HARRIS

Project State

TX

Project Zip

77070-2755

CD

TX-38

Jobs Reported

500

NAICS Code

213111

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

500000.00

Payroll Proceed

8000000.00

Mortgage Interest Proceed

1000000.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

500000.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

71330

Originating Lender

City Bank

Originating Lender City

LUBBOCK

Originating Lender State

TX

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

10131944.44

Forgiveness Date

08/17/2021

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