# PPP loan: MATRIX DRILLING PRODUCTS COMPANY
> **$578K** approved 01/20/2021 · Paid in Full · Loan `2082708306`
## Borrower
- **Name:** MATRIX DRILLING PRODUCTS COMPANY
- **Address:** 1661 Old Belfast Rd, Lewisburg, TN, 37091-7179
- **NAICS:** 339999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $578K
- **Initial approval:** $578K
- **Forgiven:** $581K (101%)
- **Forgiveness date:** 09/29/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $577K
- **Utilities:** $1
- **Jobs reported:** 47
## Lender
- **Originating:** CapStar Bank, A Division of Old National Bank
- **Servicing:** Old National Bank (IN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*