# PPP loan: BOB POUND DRILLING, INC
> **$151K** approved 04/10/2020 · Paid in Full · Loan `1250447103`
## Borrower
- **Name:** BOB POUND DRILLING, INC
- **Address:** 121  6TH AVE, BRISTOW, OK, 74010-2810
- **NAICS:** 213111
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $151K
- **Initial approval:** $151K
- **Forgiven:** $152K (101%)
- **Forgiveness date:** 12/16/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $143K
- **Rent:** $1K
- **Utilities:** $1K
- **Health care:** $5K
- **Jobs reported:** 16
## Lender
- **Originating:** SpiritBank
- **Servicing:** SpiritBank (OK)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*