# PPP loan: MATRIX DRILLING PRODUCTS CO
> **$545K** approved 04/15/2020 · Paid in Full · Loan `2169607209`
## Borrower
- **Name:** MATRIX DRILLING PRODUCTS CO
- **Address:** 1661 Old Belfast Rd, Lewisburg, TN, 37091-7179
- **NAICS:** 238910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $545K
- **Initial approval:** $545K
- **Forgiven:** $549K (101%)
- **Forgiveness date:** 02/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $395K
- **Rent:** $90K
- **Utilities:** $15K
- **Health care:** $46K
- **Jobs reported:** 47
## Lender
- **Originating:** CapStar Bank, A Division of Old National Bank
- **Servicing:** Old National Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*