# PPP loan: SUMMIT DRILLING CO. INC
> **$840K** approved 04/10/2020 · Paid in Full · Loan `1595697103`
## Borrower
- **Name:** SUMMIT DRILLING CO. INC
- **Address:** 81A CHIMNEY ROCK RD, BRIDGEWATER, NJ, 08807-3179
- **NAICS:** 238990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $840K
- **Initial approval:** $840K
- **Forgiven:** $845K (101%)
- **Forgiveness date:** 11/25/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $840K
- **Jobs reported:** 48
## Lender
- **Originating:** First Bank
- **Servicing:** First Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*