PPP Loan information for Turbo drill industries, inc

$5,727,200

Turbo drill industries, inc was initially approved for PPP Loan of amount $5,727,200, the current approved amount is $5,727,200. The loan was approved on 04/09/2020 by The Frost Bank reported 301 jobs and $5,727,200 was used to fund payroll.

Turbo drill industries, inc is Existing or more than 2 years old

PPP Loan Search / TX / CONROE / Turbo drill industries, inc

TURBO DRILL INDUSTRIES, INC

Date Approved

04/09/2020

SBA Office Code

0671

Processing Method

PPP

Borrower Name

TURBO DRILL INDUSTRIES, INC

Borrower Address

1125 BEACH AIRPORT RD

Borrower City

CONROE

Borrower State

TX

Borrower Zip

77301-7169

Loan Status Date

Loan Status

Exemption 4

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

5727200.00

Current Approval Amount

5727200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

71783

Servicing Lender Name

Frost Bank

Servicing Lender Address

111 W Houston St

Servicing Lender City

SAN ANTONIO

Servicing Lender State

TX

Servicing Lender Zip

78205-1414

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

CONROE

Project County Name

MONTGOMERY

Project State

TX

Project Zip

77301-7169

CD

TX-08

Jobs Reported

301

NAICS Code

213112

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

5727200.00

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

Subchapter S Corporation

Originating Lender Location Id

71783

Originating Lender

Frost Bank

Originating Lender City

SAN ANTONIO

Originating Lender State

TX

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

3194785.86

Forgiveness Date

11/01/2021

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