# PPP loan: INTREPID DIRECTIONAL DRILLING SPECIALISTS LTD
> **$2.00M** approved 02/01/2021 · Paid in Full · Loan `1360748401`
## Borrower
- **Name:** INTREPID DIRECTIONAL DRILLING SPECIALISTS LTD
- **Address:** 10314 State Highway 191, Midland, TX, 79707-1496
- **NAICS:** 213111
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.00M
- **Initial approval:** $2.00M
- **Forgiven:** $2.02M (101%)
- **Forgiveness date:** 04/18/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $2.00M
- **Utilities:** $1
- **Jobs reported:** 121
## Lender
- **Originating:** Mid Penn Bank
- **Servicing:** Mid Penn Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*