# PPP loan: PRECISION DRILLING INC
> **$529K** approved 05/03/2020 · Paid in Full · Loan `1047877402`
## Borrower
- **Name:** PRECISION DRILLING INC
- **Address:** 277 COUNTY ROAD 519, STOCKTON, NJ, 08559
- **NAICS:** 238990
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $529K
- **Initial approval:** $529K
- **Forgiven:** $544K (103%)
- **Forgiveness date:** 01/30/2023
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $529K
- **Jobs reported:** 28
## Lender
- **Originating:** Wells Fargo Bank, National Association
- **Servicing:** Wells Fargo Bank, National Association (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*