# PPP loan: DRILL RITE DIRECTIONAL DRILLING LLC
> **$255K** approved 04/15/2020 · Paid in Full · Loan `1408237209`
## Borrower
- **Name:** DRILL RITE DIRECTIONAL DRILLING LLC
- **Address:** 810 W Utah Avenue, PAYSON, UT, 84651
- **NAICS:** 238990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $255K
- **Initial approval:** $255K
- **Forgiven:** $256K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $255K
- **Jobs reported:** 16
## Lender
- **Originating:** Rock Canyon Bank, A Division of NBH Bank
- **Servicing:** Community Banks of Colorado, A Division of (CO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*