PPP Loan information for Mcvay drilling company

$1,188,200

Mcvay drilling company was initially approved for PPP Loan of amount $1,188,200, the current approved amount is $1,188,200. The loan was approved on 04/06/2020 by The First American Bank reported 81 jobs and $1,188,200 was used to fund payroll.

Mcvay drilling company is Existing or more than 2 years old

PPP Loan Search / NM / HOBBS / Mcvay drilling company

MCVAY DRILLING COMPANY

Date Approved

04/06/2020

SBA Office Code

0682

Processing Method

PPP

Borrower Name

MCVAY DRILLING COMPANY

Borrower Address

401 E. Bender

Borrower City

HOBBS

Borrower State

NM

Borrower Zip

88240

Loan Status Date

05/11/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1188200.00

Current Approval Amount

1188200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

45718

Servicing Lender Name

First American Bank

Servicing Lender Address

303 W Main St

Servicing Lender City

ARTESIA

Servicing Lender State

NM

Servicing Lender Zip

88210-2133

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HOBBS

Project County Name

LEA

Project State

NM

Project Zip

88240-0200

CD

NM-03

Jobs Reported

81

NAICS Code

213111

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1188200.00

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

45718

Originating Lender

First American Bank

Originating Lender City

ARTESIA

Originating Lender State

NM

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

931704.67

Forgiveness Date

04/01/2021

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